United Copy Centre Ltd. uses laser printers. The company started the year with 90 containers of ink (weighted average cost of $9.00 each, FIFO cost of $9.10 each). During the year, United Copy Centre purchased 720 containers of ink at $10.10 each and sold 630 units for $24.00 each. The company paid operating expenses throughout the year, to a total of $3,800. United Copy Centre's income statement-excluding the effects of income tax under each of the weighted average-cost and FIFO inventory costing methods, is given. United Copy Centre is a corporation subject to an 18% income tax. 3 (Click the icon to view the income statement.) Compute United Copy Centre's income tax expense under the weighted-average cost and FIFO inventory costing methods. Which method would you select to (a) maximize income before tax and (b) minimize income tax expense? Compute United Copy Centre's income tax expense using the weighted-average-cost and FIFO inventory costing methods. (Round your answer to the nearest whole dollar.) FIFO United Copy Centre Ltd. Income Statement For the Year Ended December 31, 2020 Weighted Average Cost Sales revenue $ 15,120 $ 6,287 Cost of goods sold Gross profit $ 8,833 $ 3,800 Operating expenses Net income before tax $ 5,033 $ 15,120 6,273 8,847 3,800 5,047 Income tax expense Which method would you select to (a) maximize income before tax and (b) minimize income tax expense? (a) The income before taxes is maximized by using the V method of inventory costing (b) The income taxes are minimized by using the method of inventory costing