Caldwell Cycles started October with 12 bicycles that cost $41 each. On October 16 , Caldwell purchased, on account, 42 bicycles at $65 each. On October 31 , Caldwell sold 32 bicycles for $90 each. a. Prepare Caldwell Cycles' perpetual inventory record, assuming the company uses the specific identification inventory costing method. Assume that Caldwell sold 10 bicycles that cost $41 each, and 22 bicycles that cost $65 each. b. Journalize the October 16 purchase of inventory and the October 31 sale of inventory