K My Office Products markets the ink used in Inkjet printers. My started the year with 16,000 containers of ink (moving-weighted-average cost of $21 each, FIFO cost of $19 each). During the year. My purchased 96,000 containers of ink at $36 on the first day of its fiscal year and sold 86,000 units for $50 each, with all transactions on account. My paid a total of $1,600,000 in operating expenses throughout the year. Joumalize My's purchases, sales, and operating expense transactions under the following format. My uses a perpetual inventory system to account for inkjet printer ink Record the transaction to purchase inventory. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Accounts DEBIT/CREDIT AMOUNTS Moving-Weighted-Average FIFO Record the sales transaction DEBIT/CREDIT AMOUNTS Accounts Moving-Weighted-Average FIFO Record the cost of goods sold. (Round intermediary calculations to two decimal places. Round your final answer to the nearest whole dollar) Accounts DEBIT/CREDIT AMOUNTS: Moving-Weighted Average FIFO Record the payment of operating expenses Accounts DEBIT/CREDIT AMOUNTS Moving Weighted-Average FIFO