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 inventory an. 10 Sales Jan. 20 Purchase Dan. 25 Sales Jan. 30 Purchase Activities Units Acquired at Cost 235 units $16.00 -$ 3,760 180 units $15.00-2,700 370 units$14.5e5,365 Units sold at Retail 185 units$25.00 200 units$25.00 385 units Totals 785 units $11,825 The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 400 units, where 370 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 $2,200, 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