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# So, I'm stuck right now: For this it's asking me to: style="background-color:transparent;color:rgb(0,0,0);">Accounting records for High Life High Life Corporation yield the following data for the year ended JuneJune 30, 2018 ​(assume sales returns are​ non-existent):Journalize High Life's High Life's inventory transactions for the year under the perpetual system. ​(Record debits​Inventory, June 30, 2017. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\$14,000Purchases of inventory (on account) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .57,000Sales of inventory - 78% on account; 22% for cash (cost \$44,000) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .82,000Inventory at FIFO, June 30, 2018 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .27,000i Know the first entry is: Inventory 57,000 Accounts Payable 57,000and i know that the second is: (but i'm not sure how i could calculate these to get the right answer)Accounts ReceivableCash Sales RevenueRequirement 2.or how i would complete this: Report ending​ inventory, sales, cost of goods​ sold, and gross profit on the appropriate financial statement.

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