Consider the following transactions for Elfland Toys: i (Click the icon to view the transactions.) Requirements 1. Journalize the purchase transactions. Explanations are not required 2. In the final analysis, how much did the inventory cost Elfland Toys? Requirement 1. Journalize the purchase transactions. Explanations are not required. (Assume the company uses a perpetual inventory system. Record debits first, then credits. Exclude explanations from journal entries.) Feb. 7: Elfland Toys buys $107,300 worth of PegaBlock toys on account with credit torms of 2/10, n/45 Date Accounts Debit Credit Feb. 7 i More Info Feb. 11: Elfland Toys returns $10,650 of the merchandise to PegaBlock due to dirage during shipment. Feb. 7 Eifland Toys buya $107,300 worth of PegaBlock toys on account with credit terms of 2/10, n/45. 11 Elfland Toys returns $10,650 of the merchandise to PegaBlock due to damage during shipment 14 Elfland Toys paid the amount dunless the return and discount Date Accounts Debit Credit Feb. 11 Print Done Consider the following transactions for Elfland Toys: Click the icon to view the transactions.) Requirements 1. Joumalize the purchase transactions. Explanations are not required. 2. In the final analysis, how much did the inventory cost Elfland Toys? Feb. 11: Elfland Toys returns $10,650 of the merchandise to PegaBlock due to damage during shipment. Date Accounts Debit Credit Feb. 11 Feb. 14: Elfland Toys paid the amount due, less the return and discount Date Accounts Debit Credit Feb. 14 Requirement 2. In the final analysis, how much did the inventory cost Elfland Toys? The inventory cost for Elfland Toys is $