Save Points: 0 of 1 Suppose a division of Califormia Instruments Incorporated that sells computer microchips has these inventory records for January 2021 (Click the icon to view the inventory records) % The company's accounting records show 420 units were sold for revenue of $8.400. Operating expense for January was $2.200 Read the requirements % Requirement 1. Prepare the company's January, multistep income statement. Calculate income using the LIFO, average cost, and FIFO methods. Label the bottom the "Operating income." Round the average spi decimal places and all other figures to whole-dollar amounts. Show your computations Begin by preparing the income statement using LIFO, then average, and finally FIFO cost % Sales revenue California Instruments Incorporated Income Statement for Microchip Month Ended January 31, 2021 LIFO Cost of goods sold Gross proft Operating expenses Operating income Data table Date Item Quantity 1 Beginning inventory 160 un $ Unit Cost Total Cost 75 1.120 6 Purchase 00 unit 13 21 Purchase 200 units 14 2.800 27 Purchase 10 units 15 1.200 Print Done