E9-1 Accounting records for Durall Luggage yield the following data for the year ended December 31, 20X5 (amounts in thousands): Inventory. December 31. 20X4.. Purchases of inventory (on account) Sales of inventory-80% on account: 20% for cash (cost $2.821). Inventory, December 31, 20X5. Required S 370 3.105 4.395 ? 1. Journalize Durall's inventory transactions in the perpetual system. Show all amounts in thousands. Use Exhibit 9-3 on page 349 as a guide. 2. Report ending inventory, sales, cost of goods sold, and gross profit on the appropriate financial statement (amounts in thousands). 3. Show the computation of cost of goods sold in the periodic system.