Big Fish Company accounting records yield the following data for the year ended December 31, 2020. (Click the icon to view the accounting records.) Required 1. Journalize Big Fish Company's inventory transactions for the year in a perpetual system. Use December 31 as the transaction date 2. Report ending inventory, sales, cost of goods sold, and gross margin on the appropriate financial statement Requirement 1. Journalize Big Fish Company's inventory transactions for the year in the perpetual system. $ 32.000 155.000 Inventory: January 1, 2020. Purchases of inventory (on account) Sales of inventory 80 percent on account; 20 percent for cash (cost $137,000) Inventory at FIFO cost December 31, 2020 225,000