2. For these transactions, show what Marcy will report for inventoc, reveeues, and expenses on iss fnancial stadentents at the end of the morit. Fipport aross proff on the appropnale satoment. Detarmine what the compdey wil repert on the baiance sheet: 1. Journalize these transactions for Marcy, which uses the perpetual inventory system. Journalize the purchase of inventory. (Record debits first, then credits. Exclude explanatior Journalize the sale. Record the cost of goods sold portion of the sale. Record the collection of 20% of the accounts receivable. Marcy Corporation purctiased inventory cosling $180.000 and sold 704 of the goods for $226.000. Al purchabes and sales were on account Mary laker cokected 207 of the accoust nicu Assume that sales returns are nonexistent: Read the reauiraments