I need help with getting the LIFO answer please

N Topic | ACC: * Modi * How G loker M ve Mi x * Q * G * Virgin x M Nur newconnect meducation.com/flow/connect html O Module 42: Ch 05 Homework Saved Help Save You received partial credit in the previous attempt. Check my work View prev Required information Use the following information for the Exercises below. The following information applies to the questions displayed below.) Laker Company reported the following January purchases and sales data for its only product. points Units Acquired at Cost 200 units $12.50 = $2,500 Date activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units sold at Retail 160 units @ $21.50 140 units $21.50 130 units $11.50 1,495 $11.00 300 units 8.30 units 3,300 $7,295 300 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 330 units, where 300 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory Exercise 5-4 Perpetual: Income effects of inventory methods LO A1 M N * N Topic | ACC: Modu * - How G loker x V x My sign G mi * Q newconnect m * G * Virgin education.com/flow/connect.html odule 4.2: Ch 05 Homework Help Save & Exit You received partial credit in the previous attempt. Check my work View previous at Exercise 5-4 Perpetual: Income effects of inventory methods LO A1 Part 2012 Required: 1. Complete comparative income statements for the month of January for Laker Company for the four inventory methods. Assume expenses are $1.850, and that the applicable income tax rate is 40%. (Round your intermediate calculations to 2 decimal places.) 3.8 points Boor LIFO 3 LAKER COMPANY Income Statements For Month Ended January 31 Specite Wolahted Identification Average FIFO 6 .450 S 450 S 6,450 3,625 3 643 3,650 2825 2 BOT 2300 1,850 1850 1850 975 957 950 390 383 330 S 505574SSOS Cost of goods sold Gross profit ,450 3,670 2.780 1.850 930 income before totes Income tax expense Not income