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Perpetual Income effects of inventory methods LOA1 Laker Company reported the following January purchases and sales data tor Us only product Laker uses a perpetual inventory system For specific identification ending inventory consists of 300 units where 140 are from the January 30 purchase 80 are from the January 20 purchase and 80 are from beginning inventory Complete comparative income statements for the month of January for Laker Company for the four inventory methods Assume expenses are $2,100. and that the applicable income tax rate is 39%