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 periodic inventory system. For specific identification, ending inventory consists of 222 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 37 are from beginning inventory. cord journal entries for Laker Company's sales and purchases transactions. Assume for this assignment that the company uses a rpetual inventory system and FIFO. All sales and purchases are made on account, and no discounts are offered. Journal entrv worksheet Note: Enter debits betore credits