Itt (Cock the ioon to view the inveriory records.) The corrpanys noccunting recoeds show 330 units were sold for tevenue of $7,920. Operating expense for January was $2.060 Rebod the cocultemerts. the tiverage cost pet unit to thres desimal places and all other figures to whole-dediar amounti. Show your corrputations. Requirements Data table 1. Prepare the conresmy's January, multistep income staiemont, Calculate Income using the LIFO, average-bost, and FFFO nethods. Label the bothom line . Operating income." Round the average cost per unit to theee decimal places and all cthee figures to whole-dollar amounts: Show your computationa. 2. Suppose you are the financial vice president of Denver instruments. Which inveriocy method will you use if your motve is to a. Einimure iecome taxes? b. repot the hehest operating income? c. Teport ocerating income between the extremes of FIFO and LIFO? d. report irventary on the byance sheet at te most cutrent cost? 4. attain the best measure of net hoome loe the income stabement? Stale the teason for each of your answen