of 2 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. Date Activities Units sold at Retail Units Acquired at Cost 140 units @ $6.00 = $ 840 Jan. 1 Beginning 100 unitse $15 60 units $5.00 - 300 inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 80 unitse $15 Hint 180 unitse $4.50 380 units $1,950 180 units Print The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Exercise 5-4 Perpetual: Income effects of inventory methods LO A1 Required: 1. 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.) 10 Dayt Exercise 5-4 Perpetual: Income effects of inventory methods LO A1 points Required: 1. Complete comparative income statements for the month of January for Laher 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.) Book el Hint LAKER COMPANY Income Statements For Month Ended January 31 Weighted Identification Average Print FIFO LIFO References Sales Cost of goods sold Gross prott Expenses Income before taxes 0 0 0 0 OLAH SOALANA OKO Income tax expense Net Income OSS0S0S