Daniel Company uses a periodic inventory system. Data for 2015: beginning merchandise inventory (December 31, 2014), 2,100 units at $35; purchases, 7,990 units at $37; expenses (excluding income taxes), $192,800; ending inventory per physical count at December 31,2015,1,680; sales, 8,410 units; sales price per unit, $77; and average income tax rate, 33 percent. Required: 1. Compute cost of goods sold and prepare income statements under the FIFO, LIFO. and average cost inventory costing methods. (Do not round your intermediate calculations.)