Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 270 units from the January 30 purchase, 5 units from the January 20 purchase, and 10 units from beginning inventory. Date January 1 Activities January 10 Beginning inventory Sales Units Acquired at Cost 185 units @ $ 11.00 = Units sold at Retail $ 2,035 145 units @ $ 20.00 January 20 January 25 January 30 Purchase Sales Purchase Totals 100 units @ $ 10.00 = 270 units @a $ 9.50 = 555 units 1,000 2,565 $ 5,600 125 units @ $ 20.00 270 units 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. View transaction list Journal entry worksheet 1 2 3 4 56 Record the sale of goods. Note: Enter debits before credits.