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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 Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 200 units $12.50 - $2,500 Jan. 10 Sales 160 units @ $21.50 Jan. 20 Purchase 130 units $11.50 - 1,495 Jan, 25 sales 140 units $21.50 Jan. 30 Purchase 300 units $11.00 - Totals 630 units $2,295 300 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 6-4 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 $1,850 and that the applicable income tax rate is 40%, (Round your Intermediate calculations to 2 decimal places.) Answer is not complete.