Pamis Creations had the following sales and purchase transactions during Year 2. Beginning irventory consisted of 60 items at 5350 each. The company uses the FIFO cost flow assumption and keeps perpetual imventory records. Required a. Record the inventery transactions in a financial statements model, b. Calculate the gross margin Pam's Creations would report on the Year 2 income statement. c. Determine the ending inventory balance Pam's Creations would report on the December 31 Year 2 , balance sheet Complete this question by entering your answers in the tabs below. Record the Inventory transactorins in a financial statements model. Note: In the Cash Flow column, use the initials OA to designste operating activity, IA for imveising acivity. FA for financing activity, and NC for ne to sccount balances and cash outllows with a minus sign. Not all cells require input. a. Record the inventory transactions in a financial statements model. b. Calculate the gross margin Pam's Creations would report on the Year 2 income statement. c. Determine the ending inventory balance Pam's Creations would report on the December 31, Year 2, balane Complete this question by entering your answers in the tabs below. Calculate the gross margin Pam's Creations would report on the Year 2 income statement. Note: Amounts to be deducted should be indicated with a minus sign. a. Record the inventory transactions in a financial statements model. b. Calculate the gross margin Pam's Creations would report on the Year 2 income statement. c. Determine the ending inventory balance Pam's Creations would report on the December 31, Year 2, balance sheet. Complete this question by enterifg your answers in the tabs below. Determine the ending inventory balance Pam's Creations would report on the December 31 , Year 2 , balance sheet