Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below] Laker Company reported the following January purchases and sales data for its only product Onte Activities. Jan. 1 Beginning Inventory units Acquired at Cost 160 units $8.50-$1,360 Units sold at Retail Jan. 10 Sales 120 units $17.50 Jan. 20 Purchase 3an, 25 Sales Jan. 30 Purchase Totals 100 units $7.50 - 750 220 units $7.00- 1,540 480 units $3,650 120 units @ $17.50 240 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 240 units, where 220 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Exercise 6-4 Perpetual: Income effects of inventory methods LO A1 Required: 1. Complete comparative income statements for the month of January for Laker Company for the four inventory methods. Assume expenses are $1,450 and that the applicable income tax rate is 40%. (Round your Intermediate calculations to 2 decimal places.)