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 an. 1 Beginning Inventory175 units $18. Jan. 10 Sales Dan. 20 Purchase 3an. 25 Sales an. 30 Purchase ts sold at Retail 135 units$19.e 140 units$19.0 $1, 130 units@ $ 9.00 1,17 250 units@ $ 8.5-2,125 Totals 555 units $5,045 275 units The Company uses a perpetual inventory system For specific identification, ending inventory 250 are from the January 30 purchase. 5 are from the January 20 consists of 280 units, where se and 25 are from beginning inventory Exercise 5-4 Perpetual: Income effects of inventory methods LO A1 Required: 1. Complete comparative income statements for t expenses are $1.600, and that the applicable income tax rate is 40%(Round your Intermediate calculations the month of January for Laker Company for the four inventory methods. Assume to 2 decimal places) 70, 9 Next > F10 F11 F12 F7 8 5 0