Company uses perpetual inventory system for the following transactions in May: Purchases Units Sales Units Date Cost Total Price Total 1.05 100 4 400 5.05 200 5 1,000 10.05 100 10 1,000 15.05 100 6 600 20.05 150 7 1,050 25.05 200 11 2,200 30.05 160 8 1,280 EUR 4,330 EUR 3,200 1) Journalize transactions AND prepare income statement AND ending balance for inventory, if the company is using Weighted average method for inventory (10 points) 2) Journalize transactions AND prepare income statement AND ending balance for inventory, if the company is using FIFO method for inventory (10 points) 3) Journalize transactions AND prepare income statement AND ending balance for inventory, if the company is using LIFO method for inventory (10 points) 4) Explain the difference in profitability under each method (10 points) 5) Which method best follows matching principle in this case? Why? (10 points)