cation.com/ Saved ework (REQ) 6 Required information (The following information applies to the questions displayed below Laker Company reported the following January purchases and sales data for its only product. Units sold at Retail Date Units Acquired at Cost Activities Beginning Jan. 1 inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales an.30 Purchase 140 units $6.e- 840 60 units$5.00- 300 180 units@ $4.50= 810 100 units $15 80 units@ $15 Totals 380 units $1,950 180 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 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 $1,250, and that the applicable income tax rate is 40%. (Round your Intermediate calculations to 2 decimal places.) LAKER COMPANY