of 82 pts Question Help Parkland Technologies Inc began 2020 with inventory of $18,000 During the year, Parkland purchased inventory costing $105.000 and sold goods for 5165,000, with all transactions on account Parkland ended the year with inventory of $35,000. Parkland 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 2020 income statement of Parkland Technologies Inc through gross proft, Requirement 1. Post the beginning balance(s) and all entries to the inventory and Cost of Goods Sold accounts. (leave any unused celle blonk) Inventory Cost of Goods Sold End bal End hat Journal Entry Accounts Debit Credit JE 1 Purchases 105,000 105,000 Accounts Payable JE2 Accounts Receivable Sales Revenue 165,000 165.000 JE3 Cost of Goods Sold 18.000 18,000 Inventory JE4 Inventory Cost of Goods Sold 35.000 35.000 JE5 Cost of Goods Sold 105,000 Purchases 105.000 Print Done