Data table Sales revenue Cost of goods sold Gross profit Operating expenses Net income before tax $ Bank Print Supplies, Inc. Income Statement Year Ended December 31 FIFO Average Cost Print 13,200 $ 6,000 7,200 4,050 3,150 $ Done 13,200 $ 5,943 7,257 4,050 3,207 S LIFO 13,200 6,060 7,140 4,050 3,000 More info Assume Bank started the year with 90 containers of ink (average cost of $9.20 each, FIFO cost of $8.80 each, LIFO cost of $7.90 each). During the year, the company purchased 720 containers of ink at $10.10 and sold 600 units for $22.00 each. Bank paid operating expenses throughout the year, a total of $4,050. Print Done Print - X Requirements Compute the company's 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? (Round your answer to the nearest whole dollar.) Done

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ChatGi X Gincome X > DeepL X zto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mhe Questi X ssignment i Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] On December 31, Hawkin's records show the following accounts. $ 5,900 1,000 3,600 14,800 Cash Accounts Receivable Supplies Equipment Accounts Payable Hawkin, Capital, December 1 Hawkin, Withdrawals Services Revenue Wages Expense Rent Expense Utilities Expense HAWKIN Statement of Owner's Equity For Month Ended December 31 Hawkin, Capital, December 1 Add: Investments by owner Hawkin, Capital, December 31 6,400 15,300 1,800 $ 16,400 8,000 1,900 1,100 QS 1-16 (Algo) Preparing a statement of owner's equity LO P2 Use the above information to prepare a statement of owner's equity for Hawkin for the month ended December 31. Hint: Owner investments are $0 for the period. 0 Copia d X 0 0 chat.op X Log…

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