Required information [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. Date Jan. 1 Beginning Jan. 10 Sales Jan. 20 Purchase Dan. 25 Sales Jan. 30 Purchase Activities Units Acquired at Cost 150 units@ Units sold at Retail 7.50 $6.50 $.6.00= $.1, 125 520 1,200 110 units$16.50 80 units @ 90 units $16.50 200 units @ 430 units Totals $2,845 200 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 230 units, where 200 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory Required 1. Complete comparative income statements for the month of January for Laker Company for the four inventory methods. Assume expenses are $1,350, and that the applicable income tax rate is 40%. (Round your intermediate calculations to 2 decimal places.) LAKER COMPANY Income Statements For Month Ended January 31 Specific Identification Weighted Average FIFO LIFO Sales Cost of goods sold Gross profit Expenses Income before taxes Income tax expense Net income