Wildhorse Company sells one product. Presented below is information for January for Wildhorse Company Jan. 1 4 Inventory Sale 11 13 20 27 Purchase Sale Purchase Sale 118 units at $5 each 93 units at $8 each 165 units at $6 each 136 units at $9 each 163 units at $ each 104 units at $11 each Wildhorse uses the FIFO cost flow assumption. All purchases and sales are on account Assume Wildhorse uses a perpetual system. Prepare all necessary journal entries. If no entry is required, select "No entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit Date Account Titles and Explanation Accounts Receivable Jan. 4 Sales Revenue (To record the sale) Cost of Goods Sold Inventory (To record the cost of inventory) Inventory Jan 11 Accounts Payable