.com/ext/map/indes.html?con concerternal browser launchu Chapter 5 Help 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 Date Activities Units Acquired cost Units soldattal Jan 1 ning inventory 140 units 56.00 540 Jan 10 Sales 100 units 515 Jan 20 Purchase 60 units 55.00 Jan 25 Sales Jan 30 Purchase 180 units $4.50 810 Totals 380 units $1,950 nits The Company uses a perpetual inventory system for specific identification, ending Inventory consists of 200 unito, where 180 are from the January 30 purchases 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 rater in de round your intermediate calculations to 2 3 18 Next > 1070 LAKER COMPANY Income Statements For Month Ended January 31 Specific Weighted Identification Average FIFO LIFO 0 0 0 0 Sales Cost of goods sold Gross profit Expenses Income before taxes Income tax expense Net income 0 0 0 $ $ 0 $ 0 $ 0 $ 0 12 1070 LAKER COMPANY Income Statements For Month Ended January 31 Specific Weighted Identification Average FIFO LIFO 0 0 0 0 Sales Cost of goods sold Gross profit Expenses Income before taxes Income tax expense Net income 0 0 0 $ $ 0 $ 0 $ 0 $ 0 12