4 Part 2 of 5 10 points Required information [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Date Activities eBook January 1 January 10 January 20 January 25 January 30 Beginning inventory Sales Purchase Sales Purchase Totals Print References Units Acquired at Cost 140 units Units sold at Retail @ $ 6.00 = $ 840 100 units @ $15 60 units @ $ 5.00 = 300 80 units @ $ 15 180 units @ $ 4.50 = 810 380 units $ 1,950 180 units Record journal entries for Laker Company's sales and purchases transactions. Assume for this assignment that the company uses a perpetual inventory system and FIFO. All sales and purchases are made on account, and no discounts are offered. View transaction list View journal entry worksheet No Date General Journal 1 January 10 Sales Cost of goods sold Debit Credit 840 840