Francis Vintage Castells used in canto the com operations on lanuary 1, 2011 the counter year ended March 11, 2011 the company had the form Transaction Purchased 1967 Ford Mustang $15.000 Purchased 1951 Chevrolet Cor $21,000 cash PaldS&000 restoration werden Sodor 532,000 10 MG. On the 1/100 Purchased their Sold Care 546.000 MWh sal/10 Padoperating of $12.00 000 for the on omatim The companys perpetual entory system to track wory > The company uses the specification method to be story and metal The company pay income taxat a rate of 25 The company estimates that of account with and of it be not collectie Mom 1. Prepare journal entries to record transactions and any heart 9. Prepare an income statement for the charter and March, 2001