Please create the Journal Entries for the following transactions.

Financial Data of Bob's Bacon House Inc. for the Year 20XX

1	Finished Goods inventory purchased from suppliers on account. 2/10/20XX 10,000 units @ $26 each 6/12/20XX 15,000 units @ $28 each 10/23/20XX 12,000 units @ $29 each 11/25/20XX 8,000 units @ $30 each Bob's Bacon House Inc. uses periodic inventory system and LIFO costing method. All purchases and sales are made on account.
2	Payments made to suppliers on account during 20XX are $1,124,450.
3	Sales made to customers on account are 49,356 units @ $36 each.
4	Cash collected from customers during 20XX is $1,750,700.
5	Total interest paid on notes payable and bonds payable amounted to $17,415.
6	Rental income on property leased out is $25,650.
7	Bob's Bacon House Inc. was operating a retail store in Chicago. Original cost of building and equipment was $120,000 with a book value of $95,000. During 20XX, New York Traders disposed of this store at a loss of $35,800.
8	Bob's Bacon House Inc. wants to make an allowance for doubtful debts at 2% on accounts receivable for the year 20XX.
9	Selling and administrative expenses are $128,475. These expenses include $56,000 depreciation expense on building and equipment but exclude bad debts expenses.
10	Income tax expense paid is $90,500. Bob's Bacon House income tax rate for 20XX is 30%.