Watson Print$$ Supplies, Inc., sells laser printers and supplies. Assume Watson started the year with $100$ containers of ink$($average cost of $ $9\mathrm{.}20$each$,$ FIFO cost of $ $8\mathrm{.}60$each$,$ LIFO cost of $ $7\mathrm{.}90$each$).$ During the$$ year, the company purchased $600$ containers of ink at $ $9\mathrm{.}90$ and sold $580$ units for $ $20\mathrm{.}00$ each. Watson paid operating expenses throughout the$$ year, a total of $ $4100.$ Ignore income taxes for this exercise.

Prepare Watson$\text{'}$s income statement for the current year ended December $31$ using the$$ average$-$cost$,$ FIFO, and LIFO inventory costing methods. Include a complete statement heading.