S6-5 (similar to) Eleanor Print Supplies, Inc., sells laser printers and supplies. Eleanor Print Supplies, Inc. is a corporation subject to a 25% income tax Click the loon to view additional information) Eleanor Print Supplies income statement excluding the effects of income tax under each of the average cost, FIFO, and LIFO inventory costing methods (Click the icon to view the income statement) Read the requirements * More Info given Assume Eleanor started the year with 100 containers of link (average cost of $9.10 each FIFO cost of 100 each, LIFO cost of $8.00 each). During the year, the company purchased 800 containers of ink at $10.00 and sold 620 units for $21.75 cach. Eleanor paid operating expenses throughout the year, a total of $4,100. Compute the company's income tax expense under the average cost. FFO, and LIFO inventory costing methods Eleanor Print Supplies, Inc. Income Statement Year Ended December 31 Average Cost FIFO L IFO Sales revenue 13,485 $ 13.45 $13.45 Cost of goods sold 6,138 6.000 Data Table 6200 Gross profit 7.347 $ 7,425 $ 7.25 4,100 4.100 Operating expenses Net Income before tax 3,2475 3.325 $ 3,185 Income tax expense Eleanor Print Supplies, Inc. Income Statement Year Ended December 31 Average Cost FIFO 13,485 5 13.485 5 10 LIFO 13.485 Sales revenue Cost of goods sold Gross profil 77 Operating expenses Not income before tax 32 Print Done