Required Informetlon The following Information applies to the questions displayed below Laker Company reported the following January purchases and sales data for its only product. Activities Units sold at Retail 198 units $25.5 198 units $25.5 Units Acquired at Cost Date Jan. 1 Beginning inventory Jan. 1e Sales Jan. 20 Purchase Jan. 25 Sales Jan. 3e Purchase 248 units $16.5$ 3,968 178 units$15.582,635 388 units $15.85,788 Totals 798 units $12,295 380 units The Company uses a perpetual Inventory system. For specific Identification, ending Inventory consists of 410 units, where 380 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning Inventory Requlred 1. Complete comparative Income statements for the month of January for Laker Company for the four Inventory methods. Assume expenses are $2.250, and that the applicable income tax rate is 40%. (Round your Intermediate calculations to 2 decimal places.) KER COMPANY Income Statements For Month Ended January 31 Specific Weightecd Average Identification FIFO LIFO Sales Cost of goods sold Gross proit Expenses Income before taxes Income tax expense Net income 0 S