Required informstion The following informotion applies to the questions displayed below.] The following information pertains to the inventory of Parvin Company during Year 2 During Year 2. Parvin sold 3,600 units of inwentory at $85 per unil and incurred $49,000 of cperating expenses. Parvin currently uses the FFO method but is considering a change to UFO. Al transactions are cash transactions. Assame a 30 percent income tax rate. Parvin started the period with cash of $90000, inveritory of $22.800, common stock of $65.000. and retarned earnings of $47,800. Required a. Recond the above transactions in general journal form and post to T-accounts using (1) FIFO and ( 2 LFO. Use a separale set of journal enties and Taccounts for each method. Complete this questien by entering your answers in the tats below. cociry required" in the first accecunt felbl 
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