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Check my Required information [The following information applies to the questions displayed below.) Laker Company reported the following January purchases and sales data for its only product. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 145 units@ $7.00 = $1,015 Jan. 10 Sales 105 units@ $16.00 Jan. 20 Purchase 70 units@ $6.00 = 420 Jan. 25 Sales 85 units @ $16.00 Jan. 30 Purchase 190 units @ $5.50 = 1,045 Totals 405 units $2,489 190 units Required: 1. Complete comparative Income statements for the month of January for Laker Company for the four inventory methods. Assume expenses are $1,300, and that the applicable income tax rate is 40%. (Round your average cost per unit to 2 decimal places.) LAKER COMPANY Income Statements For Month Ended January 31 Specific Weighted Identification Average FIFO LIFO Sales Cost of goods sold Gross profit Expenses Income before taxes Income tax expenso Net income