S6-4. (Learning Objective 2: Apply the average-cost, FIFO, and LIFO methods) Carson Print Supplies, Inc., sells laser printers and supplies. Assume Carson 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 600 units for $21.50 each. Carson paid operating expenses throughout the year, a total of $4,000. Ignore income taxes for this exercise. Prepare Carson's income statement for the current year ended December 31 using the average-cost, FIFO, and LIFO inventory costing methods. Include a complete statement heading. LO 2 S6-5. (Learning Objective 2: Compare income tax effects of the inventory costing methods) This exercise should be used in conjunction with S6-41D. Carson Print Supplies, Inc., is a corporation subject to a 25% income tax. Compute the 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