Miami Technologies Inc. began 2017 with inventory of $20,000. During the year, Miami purchased inventory costing $110.000 and sold goods for $136.000, with all transactions on account Miami ended the year with inventory of $35.000. Man prepared the following journal arties under the periodic inventory system at year end Click the icon to view the journal entries.) Requirements 1. Post to the Inventory and Cost of Goods Sold accounts 2. Compute cost of goods sold by the cost-of-goods-sold model 3. Prepare the December 2017 income statement of Maw Technologies in through gross proft Requirement 1. Post the beginning balances and all entries to the inventory and cost of Goods Sold counts. Leave any unused cells blank.) Inventory Cost of Good Sold Endbal End bal Requirement 2. Compule cost of goods sold by the cost of goods sold model Plus Goods available Cost of goods sold Requirements. Prepare the December 2017 income statement of Miami Technologies incrough gross proft Choose from any list or enter any number in the input fields and then continue to the next question 2 y system at yuar ona! i Journal entries chnologies Journal Entry the Invent Accounts Debit Credit JE1 Purchases 110,000 110,000 Accounts Payable JE2 Accounts Receivable Sales Revenue 135,000 135.000 al JE3 Cost of Goods Sold 20,000 ods-sold mo Inventory 20.000 35,000 JE4 Inventory Cost of Goods Sold 35.000 JE5 Cost of Goods Sold 110,000 Purchases 110.000 Print Done ent of Miami Miami Technologies Inc. began 2017 with inventory of $20,000. During the year, Miami purchased inventory costing $110,00 prepared the following journal entries under the periodic inventory system at year end: (Click the icon to view the journal entries.) Requirements 1. Post to the Inventory and Cost of Goods Sold accounts. 2. Compute cost of goods sold by the cost-of-goods-sold model. 3. Prepare the December 2017 income statement of Miami Technologies Inc. through gross profit. Requirement 2. Compute cost of goods sold by the cost-of-goods-sold model. Plus Goods available Less Cost of goods sold Requirement 3. Prepare the December 2017 income statement of Miami Technologies Inc. through gross profit. Miami Technologies Inc. Income Statement For the Year Ended December 31, 2017 Gross profil Choose from any list or enter any number in the input fields and then continue to the next