Cortland Cycles started October with 11 bicycles that cost $43 each. On October 16 , Cortland purchased, on account, 41 bicycles at $67 each. On October 31 , Cortland sold 32 bicycles for $120 each. a. Prepare Cortland Cycles' perpetual inventory record, assuming the company uses the specific identification inventory costing method. Assume that Cortland sold 9 bicycles that cost $43 each, and 23 bicycles that cost $67 each. b. Journalize the October 16 purchase of inventory and the October 31 sale of inventory