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. Units Acquired at Cost 230 units @ $15.50 - $ 3,565 Units sold at Retail 180 units @ Date Activities Jan. 1 Beginning inventory Jan. 19 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals $24.50 190 units @ $14.50 - 2,755 220 units @ $24.50 360 units@ $14.00 - 780 units 5,840 $11,360 400 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 380 units, where 360 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory Exercise 5-4 Perpetual: Income effects of inventory methods LO A1 yuleu. - Complete comparative income statements for the month of January for Laker Company for the four inventory methods. Assum expenses are $2,150, and that the applicable income tax rate is 40%. (Round your Intermediate calculations to 2 decimal place LAKER COMPANY Income Statements For Month Ended January 31 Specific Weighted Identification Average 00 Sales Cost of goods sold Gross profit Expenses Income before taxes Income tax expense 0 0 OSOS