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 340 45:20 Units sold at Date Activities Units Required at Co Retail Jan. Beginning inventory 140 units $6.00 Jan. 10 Sales 100 units $15 Jan. 20 Purchase 50 unita 55.00 300 Jan. 25 Sales o unite $15 Jan. 30 Purchase 180 units 54.50 810 Totale 380 units 51,950 180 units ok The Company uses a perpetual Inventory system. For specific identification, ending inventory consists of 200 units, where 180 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 moos Required: 1. Complete comparative income statements for the month of January for Laker Company for the four inventory methods. Assume expenses are $1,250, 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 Weighted Identification Average FIFO LIFO 0 0 O 0 Sales Cost of goods sold Gross profit Experisos Income before taxes Income tax expense Not income 0 0 0 0 OS 0 0 $ os $