Required information [T he following information applies to the questions displayed below. i 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 135 unitsE $11.00 = $2,035 Jan. 10 Sales 145 units E $20.00 Jan. 20 Purchase 100 unitsE $10. 00 = 1 I.000 Jan. 25 Sales 125 units E $20.00 Jan. 30 Purchase 270 unitsE $ 9.50 = 2,565 Totals 555 units $5,600 270 units ' The Company uses a perpetual inventory system. For specific identication, ending inventory consists of 285 units, where 270 are from the January 30 purchase. 5 are from the January 20 purchase, and 10 are from beginning inventory. Required: 1. Complete comparative income statements for the month of January for La ker Company for the four inventory methods. Assume expenses are $1,700 and that the applicable income tax rate is 40%. {Round your Intermediate calculations to 2 decimal places.) 9 Answer Is complete but not entirely correct. $ 5,400 a $ 5,400 a $ 5,400 a $ 5,400. Cost of goods sold (2.075) g (2.724) (2.885) g (2.565) smsspmm m m (1.70019 (Home (1.70019 (1.70019 mmm Net income $ 495 $ 439 $ 681