ulty and Stud X D ) Hillary Scott The Scout Fart X Chapter 6 Pre-Built Ansignments X https:/ewconnect. meducation.com/flow/connect.html pter 6 Pre-Built Assignments Help Save & Exit Submit Required information The following information applies to the questions displayed below.) Check my work Laker Company reported the following January purchases and sales data for its only product Units Acquired at Cost 185 units $11.00 - $2.035 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units sold at Retail 145 units $20.00 Book 100 units $10.00 - 1,000 125 units $20.00 $ 9.50 270 units 555 units 2,565 270 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 285 units, where 270 are from the January 30 purchase. 5 are from the January 20 purchase, and 10 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 $1,700, and that the applicable income tax rate is 40% (Round your intermediate calculations to 2 decimal places.)