(Click the icon to view the accounting records.) Required 1. Journalize Thorson Company's inventory transactions for the year in a perpetual system. Use December 31 as the transaction date. No explanations are necessary 2. Report ending inventory, sales, cost of goods sold, and gross margin on the appropriate financial statement Requirement 1. Journalize Thorson Company's inventory transactions for the year in the perpetual system The first transaction is the purchase of inventory. Record the entry (Record debits first, then credits. Exclude explanations from journal entries.) Date December 31 Accounts Debit Credit Inventory: January 1, 2023 $ 24,000 Purchases of inventory (on account) 149,000 Sales of inventory-75 percent on account, 25 percent for cash (cost $141,000) 231.000 Inventory at FIFO cost December 31, 2023 The next transactic Records Date Debit Cred December 311 Accounts Payable Accounts Receivable Cash The last entry is re Cost of Goods Sold Date December 31 Debit Credi Inventory Sales Revenue dead manna main on the appropriate financial statement Print Done