At the beginning of November, Yoshi Incorporated's inventory consists of 63 units with a cost per unit of $94. The following transactions occur during the month of November. November 2 Purchase 100 units of inventory on account from Toad Incorporated for $100 per unit, terms 3/10, n/30. November 3 Pay cash for freight charges related to the November 2 purchase, $300. November 9 Return 25 defective units from the November 2 purchase and receive credit. November 11 Pay Toad Incorporated in full. November 16 Sell 100 units of inventory to customers on account, $12,700. (Hint: The cost of units sold from the November 2 purchase includes $100 unit cost plus $4 per unit for freight less $3 per unit for the purchase discount, or $101 per unit.) November 20 Receive full payment from customers related to the sale on November 16. November 21 Purchase 57 units of inventory from Toad Incorporated for $104 per unit, terms 2/10, n/30. November 24 Sell 70 units of inventory to customers for cash, $7,800. (Note: For calculating the cost of inventory sold, ignore the possible purchase discount on November 20.) Required: 1. Assuming that Yoshi Incorporated uses a FIFO perpetual inventory system to maintain its internal inventory records, record the transactions 2. Suppose by the end of November that the remaining inventory is estimated to have a net realizable value per unit of $81, record any necessary adjustment for the lower of cost and net realizable value 3. Prepare the top section of the multiple-step income statement through gross profit for the month of November after the adjusting entry for lower of cost and net realizable value