Use the following Information to Answer the Questions Our Business uses a Perpetual LIFO Inventory Valuation System 1. On Jan 1 Our Business received a $300,000 investment of cash in exchange for Common Stock. 2. On Jan 11 Our Business Bought 500 Golf Clubs for $60 each, total of $30,000 with a check. 3. On Jan 16 Our Business Bought 600 Golf Clubs for $70 each, total of $42,000 on account. 4. On Jan 30 Our Business Sold 800 Golf Clubs to the Coyote Creek Club for $100 each, total of $80,000 on account. 5. On Jan 30 Our Business paid Jan Operating Expenses of $12,000 with a check 6. On Jan 31 Our Business Paid the Owners of the Business $6,000 with Checks. Checks. Compute the Gross Profit [Choose) Compute the Net Income [Choose Compute the Ending Inventory Dollar Value [Choose > Compute the Ending Retained Earnings Balance [Choose Compute the Ending Total Assets [Choose Compute the Ending Total Liabilities Choose) Compute the Ending Total Owners Equity Choose