Ken's Company accounting records yield the following data for the year ended December \\( 31,2023 \\). (C) (Click the lcon to view the accounting records.) Required Required 1. Joumalize Ken's Company's inventory transactione for the year in a perpetual system, Use December 31 as the transactlon date. No explanations are recessary. 2. Report ending inventory, sales, cost of goods sold, and gross margin on the opproprlate financial statement. Requirement 1. Journalize Ken's Company's inventory transoctions for the year in the perpotual syatem. The fint transaction is the purchase of inventory. Record the entry. (Record debits first, then credits. Exclude explanations from journal entries.) The noxt tansaction is the tale of inventory. Record the entry. The last entry is recording the cost of inventory. Record the entry. Requirement 2. Report ending inventory, sales, cost of goods sold, and gross margin on the appropriate financial statement. Report ending imventory on the balance sheet. Report sales, cost of goods sold, and gross margin on the income statement