2. The company provided the following inventory data for on 1 1. The company's reporting date is December 31 . Required (19 marks): (1) Assume that the company uses perpetual inventory system and weighted average method, prepare journal entries on Oct 5 and Nov 24 (Please do not prepare entries to recognize sales revenue). (2) Assume that the company uses periodic inventory system and weighted average method, prepare journal entries on Dec 1 and Dec 31. (3) Assume that the company uses periodic inventory system and FIFO, prepare journal entries on May 18 and Dec 31 . (4) In 20X2, the company found an overstatement of $2,000 for 20X1 's ending inventory. The income tax rate is 30%. Prepare journal entries to correct this error