Laufer Toy Stores Limited adopted the dollar-value LIFO inventory method using 2017 as the base year. The cumulative price index for 2018 through 2021 was 1.01, 1.03, 1.04 and 1.06, respectively. Ending inventory according to Laufer Toy Stores' trial balance, using FIFO, is as follows: Year 2017 2018 2019 2020 Ending Inventory per the Trial Balance $860,000 $1,100,000 $1,313,000 $1,420,000 $1,510,000 2021 Required 1. Compute Laufer's ending inventory under the dollar-value LIFO method for the years 2017 through 2021. 2. Prepare the journal entries for 2018 through 2021 to adjust inventory to the dollar-value LIFO basis. 3. Determine the ending balance of the LIFO reserve for 2018 through 2021. Laufer Toy Stores Limited adopted the dollar-value LIFO inventory method using 2017 as the base year. The cumulative price index for 2018 through 2021 was 1.01, 1.03, 1.04 and 1.06, respectively. Ending inventory according to Laufer Toy Stores' trial balance, using FIFO, is as follows: Year 2017 2018 2019 2020 Ending Inventory per the Trial Balance $860,000 $1,100,000 $1,313,000 $1,420,000 $1,510,000 2021 Required 1. Compute Laufer's ending inventory under the dollar-value LIFO method for the years 2017 through 2021. 2. Prepare the journal entries for 2018 through 2021 to adjust inventory to the dollar-value LIFO basis. 3. Determine the ending balance of the LIFO reserve for 2018 through 2021