The Brick Company had cash sales of $225,500 for Year 1, its first year of operation. On April 2, the company purchased 192 units of inventory at $205 per unit. On September 1, an additional 144 units were purchased for $226 per unit. The company had 64 units on hand at the end of the year. The company's income tax rate is 40 percent. All transactions are cash transactions. Required a. The preceding paragraph describes five accounting events: (1) a sales transaction, (2) the first purchase of inventory, (3) a second purchase of inventory, (4) the recognition of cost of goods sold expense, and (5) the payment of income tax expense. Show the amounts of each event in horizontal statements models, assuming first a FIFO and then a LIFO cost flow.