On March 31, 2020, Sole way, Inc. sold 800 computers to Xavier Company. Prior to this sale the Sole way records for these units included the following cost layers: Purchase Date Quantity Unit Cost Total Cost 20 10,000 Mar. 11, 2019 500 Mar. 19, 2019 1200 23 27,600 Total on hand 1700 37,600 Page 2 Required: a. Complete a subsidiary ledger record for the computer using each of the three inventory valuation methods listed below 1. Average cost. 2. FIFO. 3. LIFO. Your inventory records should show both purchases of this product, the sale on Mar 31, and the balance on hand on Mar 31, 2020. b. Which of the three cost flow assumptions will result in reporting the lowest net income for the current year? Explain (Marks: 12+3=15)