The following data pertains to House Solutions Inc. for the year ended December 31, 2019: Sales (25% were cash sales) during the year Cost of goods sold during the year Beginning inventory Purchases (10% were cash purchases) during the year Required $1,100,600 690,300 319,800 738,200 a. Prepare journal entries to record sales, cost of goods sold, and the purchase of inventory during 2019 using the perpetual inventory system. b. Compute the balance in the inventory account on December 31, 2019