The title names to choose from are:

1. Accounts payable

2. Accounts Recievable

3. Beginning Inventory

4. Cash

5. Ending Inventory

6. Operating Expenses

7. Purchases

8. Sales discount

9. Sales revenue

Givoly Inc. uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 2: Units 6,880 Unit Cost Inventory, December 31, prior year For the current year: Purchase, March 5 Purchase, September 19 Sale ($30 each) Sale ($32 each) Operating expenses (excluding income tax expense) 6 2 18,880 9,888 8,080 15,888 $398,888 GIVOLY INC. Income Statement For the Year Ended December 31, current year Case A FIFO Case B LIFO Cost of goods sold: Goods available for sale Cost of goods sold Pretax income loss