Required information Use the following information for the Exercises 11-13 below. (Static) [The following information applies to the questions displayed below.) Tree Seedlings has the following current-year purchases and sales for its only product. Date January 1 January 3 February 14 February 15 June 30 November 6 November 19 Activities Beginning inventory Sales Purchase Sales Purchase Sales Purchase. Totals Units Acquired at Cost Units Sold at Retail 40 units $2 - $ 80 30 units $8 70 units $3 - $ 210 60 units $8 90 units $4- 20 units $5-> 220 units $ 360 $ 100 $ 750 86 units $8 176 units Exercise 5-12 (Static) Perpetual: Journalizing transactions LO P1 Record journal entries for Tree Seedlings' sales and purchases transactions. Assume for this assignment that the company uses a perpetual inventory system and LIFO. All sales and purchases are made on account, and no discounts are offered. View transaction list View journal entry worksheet No 1 Date General Journal January 03 Accounts receivable Sales ' 2 January 03 Cost of goods sold Debit Credit