[The following information applies to the questions displayed below.) Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual Inventory system. For specific identification, ending inventory consists of 270 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Units sold at Retail Units Acquired at Cost 180 units $ 10.50 $ 1,890 140 units $ 19.50 Date January 1 January 10 January 20 January 25 January 30 $ 9.50 110 units Activities Beginning inventory Sales Purchase Sales Purchase Totals 1.045 130 units $ 19.50 $ 9.00 - 270 units 560 units 2, 430 $ 5,365 270 units Record journal entries for Laker Company's sales and purchases transactions. Assume for this assignment that the company uses a perpetual Inventory system and FIFO All sales and purchases are made on account, and no discounts are offered. View transaction list Journal entry worksheet