[The following information applies to the questions displayed belowJ Laker Company reported the following January purchases and sales data for its only product Units Acquired at Cost 195 unitse $12.00 $2, 340 120 unitse $11.00 1,320 290 unitse $10.50 3,045 its sold Jan. 1 Beginning Jan.invehtory Jan. 10 Sales Jan. 20 Purchase an. 25 Sales Jan. 30 Purchase 155 units e $21.00 135 units $21.00 Totals 605 units $6,705 290 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 315 unit 290 are from the January 30 purchase. 5 are from the January 20 purchase. and 20 are from beginning inventory Required: 1. Complete comparative income statements for the month of January for Laker Company for the four inventory method expenses are si-800, and that the applicable income tax rate is 40%(Round your Intermediate calculations to 2 decin Laker Company reported the following January purchases and sales data for its onty product Beginning Jan. invehtory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 195 unitse $12.00 -$2,340 120 unitse $11.00-1,320 290 unitse $18.50- 155 units e $21.00 135 units e $21.00 3,045 $6,705 290 units Totals 605 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 315 units, where 290 are from the January 30 purchase. 5 are from the January 20 purchase, and 20 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 $1.800, and that the applicable i ncome tax rate is 40 (Round your Intermedlate celculetions to 2 declmal places.) Income Statements For Month Ended January 31 Weighted cf Next ere to search