You have the following information for Waterway Inc. Waterway Inc. uses the periodic method of accounting for its inventory transactions. March 1 Beginning inventory 2,000 liters at a cost of 90 per liter. March 3 Purchased 2,500 liters at a cost of 92 per liter. March 5 Sold 2,300 liters for $1.05 per liter. March 10 March 20 March 30 Purchased 4,000 liters at a cost of 99 per liter. Purchased 2,400 liters at a cost of 107 per liter. Sold 5,200 liters for $1.25 per liter.