Watson Print Supplios, Inc, sells laser printers and supples. Watson Print Supples, Inc, is a corporation subjoct to a 25% income tax (i) (Click the icon to viti addaional information.) Watson Print Supplies' income statament-axcluding the offects of income tax under each of the average-cost, FiFO, and LFO inventory costing methode-is given. (Click the icon to view the income statement) Read the teouirements Compute the company's income tax expense under the avorage-cost FiFO, and LiF inventory costing methods. Average Cost FIFO . LIFO Sales revenue \begin{tabular}{lccc|c} $ & 12,470 & $12,470$ & 12,470 \\ & 5,626 & 5,604 & 5,684 \\ \hline$ & 6,844 & $6,866$ & 6,786 \\ \cline { 5 - 5 } & 3,750 & 3,750 & 3,750 \\ \hline$ & 3,094 & $ & 3.116 & 3,036 \end{tabular} Cost of goods sold Gross profit Operating expenses Net income before tax Income tax expense More info Assume Watson started the year with 100 containers of ink (average cost of $8.90 each, FIFO cost of $9.00 each, LIFO cost of $7.80 each). During the year, the company purchased 800 containers of ink at $9.80 and sold 580 units for $21.50 each. Watson paid operating expenses throughout the year, a total of $3,750. Data table Requirements Aompute the company's income tax expense under the average-cost, FIFO, and LIFO inventory costing methods. Which method would you select to (a) maximize income before tax and (b) minimize income tax expense? (Round your answer to the nearest whole dollar.)