volue 148 points Laker Company reported the following January purchases and sales data for its only product Units Sold at Retail Units Acquired at Cost 150 units @ $7.00 = $1,050 Date Activities Beginning Jan. 1 inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 220 units @ $6.00 = 90 units @ $5.00 = 90 units @515.00 145 units @S15.00 1,320 450 $2,820 Totals 460 units 235 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 225 units, where 90 are from the January 30 purchase, 80 are from the January 20 purchase, and 55 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 $1,600, and that the applicable income tax rate is 30% (Do not round your Intermediate calculations.) LAKER COMPANY Income Statements For Month Ended January 31 Specific Weighted Identification Average FO Sales Cost of goods sold Gross profit Expenses Income before taxes Income tax expense Net income