Question 6 Accountingrecordsfor Big Steer Tire Ltd. yield the following data for the year ended December 31,2022 (amounts in thousands) Inventory, December 31,2021 550 Purchases of inventory (an account) 1,200 Sales of inventory-80% on account, 20% for cash (cost $900).. 2,000 Sales retums-all on account(cost.45) 10 Inventory at FIFO cos, December 31, 2022 $50 Required 1 Joumalize Big Steer Tire's inventory transactionsfor the year under the perpetual system. Show all amounts in thousands 2 Report ending inventory, sales, cost of goods sold and gross profit on the appropriate financial statement amounts in thousands