ss Assignment Required information The following information applies to the questions displayed below. Laker Company reported the following January purchases and sales data for its only product. Units sold at Retail Date Activities Jan. 1 leginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totala Units Mequired at cost 190 unitat $7.00 - $1,330 110 units $6.00 - 660 280 unitat $5.50 - 1,540 580 units $3,530 150 wita $16.00 130 units . $16.00 280 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 300 units, where 280 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory Required: 1. Complete comparative Income statements for the month of January for Laker Company for the four inventory methods. Assume expenses are $1750 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 0 0 Sales Cost of goods sold Gross profit Expenses Income before taxes Income tax expense Not income O 0 0 $ 40 (40) 0 $ os 0 14 A MacBook Pro Search or type URL 4 $