Mist, Inc. uses a PERIODIC inventory system and has the following transactions for one of its inventory items during 2020: Beginning Inventory Purchases Purchase 1 on 3/11/20 152 units 67 units Purchase 2 on 10/18/20 69 units $51 per unit $53 per unit @$54 per unit Sales Sale 1 on 3/15/20 140 units Sale 2 on 10/22/20 95 units $75 per unit $75 per unit All units sold on 3/15/20 were from beginning inventory. The 10/22/20 sale included 45 units from the 3/11/20 purchase and 50 units from the 10/18/20 purchase. Show how Mist's Balance Sheet and Income Statement would differ under each of the inventory cost flow assumptions. Compute Ending Inventory, COGS and Gross Profit under Specific Identification, Weighted Average Cost, FIFO and LIFO. Fill in your answers on the table. 12/31/20 Balance Sheet Ending Inventory 2020 Income Statement Cost of Goods Sold Gross Profit Specific Identification First-In, First-Out Last-In, First-Out Weighted Average Cost (round to 2 decimal)