The following data pertain to Zari Scarf and Hat for the year ended December 31, 2020: (Click the icon to view the data.) Required a. Prepare entries for the following transactions using a perpetual inventory system: i. Purchase of inventory during 2020 ii. Sales during 2020 iii. Cost of goods sold during 2020 b. Compute the balance in the Inventory account on December 31, 2020. Requirement a. Prepare entries for the following transactions using a perpetual inventory system: i. Purchase of inventory during 2020 Assume all purchases were made on credit. (Record debits first, then credits. Exclude explanations from journal entries.) The following data pertain to Zari Scarf and Hat for the year ended December 31,2020 : ii. Sales during 2020 iii. Cost of goods sold during 2020 Requirement 2. Compute the balance in the Inventory account on December 31,2020. The balance in the inventory account on December 31,2020 is Data