Please answer all parts of the question to be rated:

6) Date Description Quantity 1/15/21 Purchased 5 items @ $200 per item 1/17/22 Purchased 5 items @ $175 per item 2/15/21 Sold 4 items 3/11/21 Purchased 5 items @ $150 per item 4/17/21 Sold 6 items 2 items 04/30/21 Sold 09/01/21 Purchased 6 items @ $125 11/23/21 Sold 7 items 12/24/21 Purchased 6 items @ $120 $ (a) Calculate both the ending inventory and the COGS using the LIFO method. Ending Inventory COGS (b) Assume sales are $10,000, what is the net income for year