Required: What is Net Income, Cost of Goods Sold, and Ending Inventory for LIFO,FIFO, Weighted Average, and Running Average Inventory valuation methods. All Retail price 100k /unit Beg Inv 150@15k 1-3 Purchase 300 @20k Sale (400@ 1-16 purchase 26 1@25K| SALE (60@ SALE (200@ Beg Inv 150 Purchase 561 Total Sales (660) End Inv 51 2.There is a Note Receviable NR $200,000, 11% for 180 days. I was issued on 1-1-15 and discounted at 5% at the bank. Journalize the transaction Required: What is Net Income, Cost of Goods Sold, and Ending Inventory for LIFO,FIFO, Weighted Average, and Running Average Inventory valuation methods. All Retail price 100k /unit Beg Inv 150@15k 1-3 Purchase 300 @20k Sale (400@ 1-16 purchase 26 1@25K| SALE (60@ SALE (200@ Beg Inv 150 Purchase 561 Total Sales (660) End Inv 51 2.There is a Note Receviable NR $200,000, 11% for 180 days. I was issued on 1-1-15 and discounted at 5% at the bank. Journalize the transaction