Eleanor Print Supplies, Inc., sells laser printers and supplies. Assume Eleanor started the year with 100 containers of ink (average cost of $9.30 each, FIFO cost of $8.70 each, LIFO cost of $7.70 each). During the year, the company purchased 800 containers of ink at $10.20 and sold 580 units for $20.00 each. Eleanor paid operating expenses throughout the year, a total of $5,500. Ignore income taxes for this exercise. Prepare Eleanor's income statement for the current year ended December 31 using the average-cost, FIFO, and LIFO inventory costing methods. Include a complete statement heading. Complete the income statement by selecting the appropriate heading and income statement labels, and then calculating the amounts for each of the three required inventory methods. (Calculate unit costs to the nearest cent. Round all other calculations to the nearest whole dollar) Net income Eleanor Print Supplies, Inc. Income Statement Year Ended December 31 Average Cost

Eleanor Print Supplits, Inc, selis laser printers and supplies. Assume Eleanor started the year with 100 containers of ink (everage cost of $9.30 each, FiFO cost of sa. 70 each, LUFO cost of 57.70 each) During the year, the compary purchased 600 cortainers of ink at $10.20 and sold 560 units for $20.00 each. Eleaner paid operating expenses throughout the year, a fotal of $5, 500 . Gonore. income taxes for this exencise. Prepare Eloanor's incomb statement for the current ypar ended December 31 using the average-cost. FIFO, and LiFO imentory costrig methods include a complete statement heading. cosks to the nearest cent. Round ail ober caiculations to the nearest wholo dollar) Eleanor Print Supplies, Inc, selis laser printers and wpples. Assume Eleanor started the year with 100 containers of ink (aversge cost of $9.30 each, FIFO cost of Sa.70 each, LIFO coat of $7.70. each) During the year, the compary purchased 800 containers of ink at $10.20 and sold 580 units for $20.00 each. Eleanor pald operating expenses frroughout the year, a todal of $5,500 lonore incorne tares for this exorcise. Prepare Eleanors income statement for the current yoar ended Decamber 31 using the average cost, FIFO, and LIFO irventory costing methcos. Include a complete staloment heasing. costs 10 the nearest cent. Round all other colculations to the nearest whole doller)