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Required information The following information applies to the questions displayed below.] Laker Company reported the...

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Accounting

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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 Jan. 1 Beginning inventory Jan. 10 Sales Jan. 2e Purchase Jan. 25 Sales Jan. 30 Purchase Units sold at Retail 125 units$18.00 125 units $18.00 250 units Activities Units Acquired at Cost 165 units $9.0e$1,485 110 units $8.ee880 230 units 7.5e-1,725 Totals 505 units $4,090 The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 255 units, where 230 are from the January 30 purchase, 5 are from the January 20 purchase, and 20 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 $1,500, and that the applicable income tax rate is 40%. (Round your Intermediate calculations to 2 decimal places.)

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