The following are the transactions of JOBAGA, INC during 2021:
The company follows a periodic inventory system, and FIFO
04.01.2021	Purchases merchandise, on credit 3000 unit x 30	$ 90,000.00
07.01.2021	Gets a bulk discount of 5% from supplier	$ 4,500.00
01.03.2021	Sales merchandise, on credit at 40.00 $/unit (3750 x40)	$ 150,000.00
05.03.2021	Pays to the supplier	$ 85,500.00
15.04.2021	Customer pays	$ 150,000.00
15.10.2021	Pays accountants' salaries	$ 8,000.00
16.12.2021	Purchases a delivery van, in cash	$ 28,000.00
31.12.2021	Closes beginning inventory	$ 25,000.00
31.12.2021	Records the ending inventory	TBD
31.12.2021	Revenues & expenses balanced off	TBD

Additional information at 1/1/2021

A = E + L	Statement financial position						01.01.2021
Non-current assets				Equity
				Capital			$ 145,000.00
				Non-current liabilities
Current assets
Inventory (merchandise)			$ 25,000.00
Cash			$ 120,000.00
				Current liabilities
		Total	$ 145,000.00			Total	$ 145,000.00

Beginning inventory is 1000 unit x 25 $

Prepare

1- Table for FOFo inventory methoud

2- Jornal entry

3- bosting to the ledger

4- trial balance

5- 1ncome statment