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Zach company started its merchandising business on February 1, 2006 by investing $30,000 in the business in exchange for common stock. On February 3, Zach

Zach company started its merchandising business on February 1, 2006 by investing $30,000 in the business in exchange for common stock. On February 3, Zach purchased 200 units of inventory at a unit cost of $75. On February 7, Zach purchased another 750 units at a unit cost of $80 and on february 18 purchased another 1,000 units at a cost of $95 . during the month of february, Zach sold 1,750 units of inventory for $125 per unit. Zach uses a periodic inventory system. during the month of February, Zach incurred $55,000 worth of operating expenses and has an income tax rate of 30%.

based on the information provided, prepare all three multi step income statements for Zach assuming the LIFO FIFO, and weighted average cost flow assumptions.

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