Laker Company reported the following January purchases and sales data for its only product. Units sold at Retail Date Activities Units Acquired at Cost Jan. 1 Beginning inventory 140 units @ $6.00 - $ 840 Jan. 10 Sales Jan. 20 Purchase 60 units @ $5.00 - 300 Jan. 25 Sales Jan. 30 Purchase 180 units @ $4.50 810 Totals 380 units $1,950 100 units @ $ 15 80 units @ $15 180 units Complete comparative Income statements for the month of January for Laker Company for the four inventory methods. Assume expenses are $1,250, and that the applicable income tax rate is 40%. (Round your Intermediate calculations to 2 decimal places.) LAKER COMPANY Income Statements For Month Ended January 31 Specific Weighted Identification Average FIFO LIFO $ 0.00 $ 0.00 $ 0.00 $ 0.00 Sales Cost of goods sold Gross profit Expenses Income before taxes Income tax expense Net income $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 Required Required 2 >