Required information Use the following information for the Exercises 11-13 below. (Algo) [The following information applies to the questions displayed below.] Tree Seedlings has the following current-year purchases and sales for its only product. Exercise 5-12 (Algo) Perpetual: Journalizing transactions LO P1 Record journal entries for Tree Seedlings' sales and purchases transactions. Assume for this assignment that the company uses a eerpetual inventory system and LIFO. All sales and purchases are made on account, and no discounts are offered. Record the sale of goods. Record the cost of sale. 3 Record the purchase of inventory. 4 Record the sale of goods. 5 Record the cost of sale. 6 Record the purchase of inventory. 7 Record the sale of goods. 8 Record the cost of sale