Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 200 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory. cord journal entries for Laker Company's sales and purchases transactions. Assume for this assignment that the company uses a rpetual inventory system and FFO. All sales and purchases are made on account, and no discounts are offered. View transaction list 1. Record the sale of goods. 2 Record the cost of sale. 3 Record the purchase of inventory. 4 Record the sale of goods. 5 Record the cost of sale. 6 Record the purchase of inventory. Note : = journal entry has been entered