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Required information The following information applies to the questions played below! Laker Company reported the following January purchases and sales data for its only product

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Required information The following information applies to the questions played below! Laker Company reported the following January purchases and sales data for its only product Date Activitin Accost Jan. 1 Beginning tory 145 units 57.00-11.015 18 Sales 105 units $16.00 M20 Purchase units 16.00 420 Jan. 25 Sales Suits $16.00 Jan Ja Purchase 2:0 nits 15.50 1045 Totats 485 units 2,480 100 The Company is a perpetual inventory system for specific identification, ending inventory consists of 215, where 190 are from the January 30 purchase, we from the January 20 purchase, and 20 are from beginning inventory AL Required: 1. Complete comparative income statements for the month of January for Laker Company for th four inventory methods. Assume expenses are $1.500 and that the applicable income tax rate 40%. Round your intermediate calculations to 2 decimal places) LAKER COMINY For More Endedama Weed Aye FO al D 0 Control GO Expen come bertas income taxe 0 5 1 D 1

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