Best Buy purchases merchandise inventory by the crate; each crate of inventory is a unit. The fiscal year of Best Buy ends each February 28. Assume you are dealing with a single Best Buy store in Victoria, British Columbia, and that the store experienced the following: The store began fiscal year 2020 with an inventory of 18,000 units that cost a total of $900,000. During the year, the store purchased merchandise on account as follows: (Click the icon to view the purchases.) Cash payments on account totalled $9,042,000. During fiscal year 2020, the store sold 154,000 units of merchandise for $14,784,000. Cash accounted for $5,400,000 of this, and the balance was on account. Best Buy uses the FIFO method for inventories. Operating expenses for the year were $2,000,000. The store paid 80% in cash and accrued the rest as accrued liabilities. The store accrued income tax at the rate of 35%. Requirements Requirement 1. Make summary journal entries to record the store's transactions for the year ended February 28, 2020. Best Buy uses a perpetual inventory system.