Required information [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. ecord journal entries for Laker Company's sales and purchases transactions. Assume for this assignment that the ompany uses a perpetual inventory system and FIFO. All sales and purchases are made on account, and no discounts e offered. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Note: Enter debits before credits. Note: Enter debits before credits. Record the purchase of inventory. Enter debits before credits