d inces Required information [The following information applies to the questions displayed below.] Tree Seedlings has the following current-year purchases and sales for its only product Date January 1 January 3 February 14 February 15 June 30 November 6 November 19 Activities Beginning inventory Sales Purchase Sales Purchase Sales Purchase Totals Units Acquired at Cost Units Sold at Retail 60 units $2- $120 38 units @$8 86 units $3- $ 258 80 units 958 110 units @ $4 - $ 440 98 units 858 28 units 284 units $5 $ 140 $ 958 216 units Record journal entries for Tree Seedlings' sales and purchases transactions. Assume for this assignment that the company uses a perpetual inventory system and LIFO. All sales and purchases are made on account, and no discounts are offered.