The purchase schedule for Marin and Associates is as follows:

Date		Items Purchased		Cost per Item
March 15		6,300		$1.30
July 30		9,500		1.50
December 17		6,600		1.60
Total		22,400

The inventory balance as of the beginning of the year was $15,400 (15,400 units at $1), and an inventory count at year-end indicated that 11,300 items were on hand. Sales and operating expenses (excluding cost of goods sold) totaled $52,500 and $10,400, respectively. The federal income tax is 30 percent of taxable income.

Prepare three income statements, one under each of the assumptions: FIFO, average, and LIFO. (Round average cost per unit to 3 decimal places, e.g. 1.246 and final answers to 0 decimal places e.g. 58,971.)