During the year, Wright Company sells 370 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Date Jan. 1 May. 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Number of Units 50 215 130 395 Unit Cost $ 75 78 83 Total Cost $ 3,750 16,770 10,790 $31,310 Calculate ending inventory and cost of goods sold for the year, assuming the company uses specific identification. Actual sales by the company include its entire beginning inventory, 200 units of inventory from the May 5 purchase, and 120 units from the November 3 purchase. Answer is not complete. Date Activity Unit Cost Ending Inventory Units 1,875 X Jan. 1 May 5 Nov. 3 Units Sold 50 $ 215 X 130 X 395 Beginning Inventory Purchase Purchase Total 75 78 Unit Cost of Goods Cost Sold 75$ 3,750 78 16,770 83 10,790 $ 31,310 Ending Inventory Cost $ 140,625 0 0 $ 140.625 83 1,875 Required information [The following information applies to the questions displayed below.] Tisdale Incorporated reports the following amount in its December 31, 2021, income statement. Sales revenue Non-operating revenue Selling expenses General expenses $ 270,000 104,000 54,000 44,000 Income tax expense Cost of goods sold Administrative expenses $ 24,000 184,000 34,000 Required: 1. Prepare a multiple-step income statement. (Losses should be indicated by a minus sign.) TISDALE INCORPORATED Multiple-step Income Statement For the year ended December 31, 2021 0 Total operating expenses Operating income (loss)