Waterway Inc. is a retailer operating in British Columbia. Waterway uses the perpetual inventory system. All sales returns from customers result in the goods being returned to inventory; the inventory is not damaged. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Waterway Inc. for the month of January 2022. Date Description Quantity Unit Cost or Selling Price January 1 Beginning inventory 100 $13 January 5 Purchase 139 16 January 8 Sale 111 27 January 10 Sale return 10 27 January 15 Purchase 55 18 January 16 Purchase return 5 18 January 20 Sale 88 31 January 25 Purchase 18 20