Control work 1 Practical The company is selling sweets. The company uses the periodic inventory system the FIFO methods. During April, 2019, the company completed the following transactions. Date Transactions 04-01 Beginning merchandise inventory, 195 kg sweets for 4.30 each. 04-02 Purchased 226 kg sweets for 4.90 for each on account with terms of 2/10, n/30. 04-08 Sold the truck for 2200 on account. The cost of truck was 28000 , the accumulated depreciation - 26000 . 04-10 Paid supplier for goods purchased on April 2. 04-11 Purchased equipment for 6200 on account. The asset was placed in service on the purchased day. Expected useful life is 6 year. The residual value of this asset is 0 (zero). Sold sweets for 2700 on account with credit terms 1/10, n/30. 04-12 04-19 Purchased 230 kg sweets for 5.70 for each and paid cash 04-21 Received cash from the customer who purchased inventory on April 12. Purchased 143 kg sweets for 4.60 for each on account 04-23 04-24 Sold sweets for 3100 cash 04-24 Return 5 kg sweets purchased on April 23 04-30 Physical count of inventory showed 76 kg sweet 1. Journalize transactions. 2. Determine the cost of goods sold and ending merchandise inventory by preparing a periodical inventory record using the FIFO methods. 3. Determine the depreciation expense using the straight-line method for 2019. Record the depreciation expense for 2019