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. The Company uses a perpetual inventory system. 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. Date January 1 January 10 January 20 Activision Beginning inventory 140 units Units Acquired at Cost $6.00-> Units sold at Retail $840 100 unit 8 6 25 January 35 Purchase Sales 60 units 83.00- 300 00 unite 8515 January 30 Purchase Totale 180 units 380 units 54.50-> 810 $1,950 180 unite Record journal entries for Laker Company's sales and purchases transactions. Assume for this assignment that the company uses a perpetual inventory system and FIFO. All sales and purchases are made on account, and no discounts are offered. View transaction list Journal entry worksheet