Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 190 units from the January 30 purchase, 5 units from the January 20 purchase, and 20 units from beginning inventory. Date January 11 January 10 January 20 January 25 January 30 Activities Beginning inventory Sales Purchase Sales Purchase Totals Unite Acquired at Cost $ 7.00- $6.00- 145 unita . 70 units 190 units e 405 units $5.50- $ 1,015 420 1,045 $ 2,490 Units sold at Retail 105 units . 85 unita 190 unita . $ 16.00 $16.00 Record journal entries for Laker Company's sales and purchases transactions. Assume for this assignment that the company uses a perpetual inventory system and FIFO. All sales and purchases are made on account, and no discounts are offered.