$32on the first day of its fiscal year and sold 80,000 units for $58 each, with all transactions on account. Masuto paid a total of $1,000,000 in operating expenses throughout the year. Joumalize Masuto's purchases, sales, and operating expense transactions under the following format. Masuto uses a perpetual inventory system to account for inkjet printer ink. Record the transaction to purchase inventory. (Record debits first, then credits. Select the explanatlon on the last line of the journal entry table.) Record the sales transaction. Record the cost of goods sold. (Round intermediary calculations to two decimal places. Round your final answer to the nearest whole dollar.) Record the navment of onerating excenses