The Cotton Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Gizmo for the month of March. Cotton Company uses the perpetual inventory system. UPLOAD YOUR ANSWER AS A PDF FILE. ALSO, IF YOU WANT PARTIAL CREDIT, UPLOAD YOUR INVENTORY SCHEDULE. Date Explanation Units Unit Cost OR Unit Selling Price 3/1 Beginning inventory 100 $50 3/3 Purchase 60 $55 3/4 Sale 50 $110 3/10 Purchase 200 $70 3/16 Sale 60 $120 3/19 Sale 100 $120 3/25 Sale 50 $120 3/30 Purchase 60 $75 Assuming the FIFO assumption, answer the following: 1) Calculate the total dollar amount charged to cost of goods sold for the month of March. 2) Calculate the dollar amount assigned to the inventory on hand on March 31. 3) Calculate the dollar amount charged to cost of goods sold for the sale on 3/16. 4) Prepare the journal entry to record the sale of goods on 3/19.