Normal ilil Body Text List Paragraph No Spacing Julia has recently opened a dry fruits wholesale company dedicated to the sale of peanuts, almonds and pistachios. The company's name is "The Nubause The Nuthouse was founded during 2020. Julia's passion, longevity THE NUTHOUSE and wealth of knowledge in the industry led to The Nuthouse expanding rapidly, Since 2020 creating a network of partners that spans farming operations in the key growing territories of South Africa, Australia, Kenya, Malawi, Zimbabwe, Mozambique and Brazil During February, its first month of activity. The Nuthouse made the following transactions: kg Price per kg Amount 3000 $11 $33 000 4500 $27000 56 $4 6500 $26000 February 1: Purchase of stock Purchase of Pistachios Purchase of Almonds: Purchase of Peanuts February 2: Purchase of stock Purchase of Pistachios Purchase of Almonds: Purchase of Peanuts: February 4: Sold to several clients Sale of Pistachios: Sale of Almonds: : Sale of Peanuts: 2000 2500 3000 $13 $7 $5 $26 000 $17500 $15 000 2 500 $21 3000 $12 $8 $52 500 $36 000 $28 000 3500 February 5: Sold to Fruits Lovers Inc. $21000 1000 1500 $21 $12 $9 $18 000 2000 $18 000 Sale of Pistachios: Sale of Almonds: Sale of Peanuts: : February 11: Purchase of stock Purchase of Pistachios Purchase of almonds: 2 000 $30 000 $15 $9 2500 $22500 4000 $9 $36 000 February 12: Sale to Peanuts Lovers Inc. Sale of Peanuts: February 13: Purchase of stock Purchase of Peanuts February 18: Sold to several clients Sale of Pistachios: Sale of Almonds: 6 500 $5 $32 500 . 1500 $22 $33 000 2000 $14 $28 000 Sale of Peanuts: 3500 $10 $35 000 February 24: Purchased from various suppliers Purchase of Pistachios: 1500 1500 Purchase of Almonds: $14 $10 $5 $21 000 $15 000 $7500 Purchase of Peanuts: 1500 Over and above these transactions, the company has had the following expenses: Salaries Electricity bill Rental expense: Equipment Rental expense: Warehouse and office Miscellaneous expenditure Rental income: Subletting of office space to Fruity Loops Inc. $5 650 $560 $1 150 $1550 $1050 $2 500 Fa Calculate the balances of the inventory at the end of the month for each valuation method and provide explanations of the calculations. QUESTION 3 In order to compare with the records made by her accountant, Julia asks you to prepare the journal entries for all the purchases and sales of the products using the FIFO method valuation