The JW-Corp uses a Perpetual LIFO Method of Inventory Valuation 1. On May 1 The JW-Corp Issued 25,000 Shares of Common Stock for $4 Each. 2. On May 10 The JW-Corp Bought 50 Bikes for $400 each, with a check. 3. On May 15 The JW-Corp Bought 50 Bikes for $600 each, on Account 4. On May 22 The JW-Corp received the May PGE Bill in the amount of $4,000 to be paid later. 5. On May 27 The JW-Corp paid May Salaries in the amount of $3,000 with Checks 6. On May 28 The JW-Corp paid $.60 cents per Share to Corporate Shareholders with Checks 7. On May 30 The JW-Corp Sold 80 Bikes to the Gilroy Bike Shop for $900 each, of which $30,000 was received in cash and the remainder amount was Billed to the Customer on account. 1. Compute the Gross Profit for the Month Ended May-31" 2. Compute the Net Income for the month ended May 31-st = 3. Compute the Ending Retained Earnings Balance at May 31st = 4. Compute the Ending Inventory Balance in UNITS at May 31 5. Compute the Ending Inventory Dollar Balance at May 31 = 6. Compute the Ending Cash Balance at May 31st = Compute the Ending Total Assets = 8. Compute the Ending Total Liabilities : 9. Compute the Ending Total Owners Equity =