Capital Technologies Inc. began 2017 with inventory of $20.000. During the year. Capital purchased inventory costing $90,000 and sold goods for $155.000, with all transactions on account Capital ended the year with inventory of $29,000. Capital prepared the following journal entries under the periodic inventory system at year end: Click the icon to view the journal entries.) Requirements 1. Post to the inventory and cost of Goods Sold accounts. 2. Compute cost of goods sold by the colo-good-sold model 3. Prepare the December 2017 income statement of Capital Technologies Inc. through gross profit Requirement 1. Post the beginning balance(s) and all entries to the inventory and cost of Goods Sold accounts. Leave any unused cells blank.) Cost of Goods Sold Journal entries End bal Journal Entry Requirement 2. Compute cost of goods sold by the cost-of-goods-sold model Credit Debit 90.000 Plus: 90,000 Goods available 155.000 Less: 155.000 Accounts JE Purchases Accounts Payable JE2 Accounts Receivable Sales Revenue JEJ Cost of Goods Sold Inventory JE4 inventory Cost of Goods Sold JES cost of Goods Sold Purchases 20.000 Cost of goods sold Requirement 3. Prepare the December 2017 income statement of Capital Technologies Inc. through gross profit Capital Technologies Inc. Income Statement For the Year Ended December 31, 2017 20,000 29,000 29,000 90.000 90.000 Choose from any list or enter any number in the input fields and then continue to the next