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Print Supplies , Inc., sells laser printers and supplies. Assume JonahJonah started the year with 9 0 9 0 containers of ink ( average cost

PrintSupplies, Inc., sells laser printers and supplies. Assume JonahJonah started the year with 9090 containers of ink(average cost of $ 9.20$9.20 each, FIFO cost of $ 8.60$8.60 each, LIFO cost of $ 7.80$7.80 each). During theyear, the company purchased 610610 containers of ink at $ 9.90$9.90 and sold 600600 units for $ 20.25$20.25 each. JonahJonah paid operating expenses throughout theyear, a total of $ 4 comma 050$4,050. Ignore income taxes for this exercise.Prepare JonahJonah's income statement for the current year ended December 31 using theaverage-cost, FIFO, and LIFO inventory costing methods. Include a complete statement heading.

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