Watson Print Supplies, Inc., sells laser printers and supplies. Watson Print Supplies, Inc., is a corporation subject to a 30% income tax. Click the icon to view additional information.) Watson Print Supplies' income statement-excluding the effects of income tax under each of the average-cost, FIFO, and LIFO inventory costing methods-is given. (Click the icon to view the income statement.) Read the requirements Compute the company's income tax expense under the average-cost, FIFO, and LIFO inventory costing methods. Watson Print Supplies, Inc. Income Statement Year Ended December 31 Average Cost FIFO LIFO Sales revenue 12,470 $ 12.470 $12.470 5.742 5,728 5,858 Cost of goods sold Gross profit S 6,728 $ 6,742 $ 6,612