Accounting records for Lyons Corporation yield the following data for the year ended June 30, 2014: Inventory, June 30, 2013

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Accounting records for Lyons Corporation yield the following data for the year ended June 30, 2014:
Inventory, June 30, 2013.......................................................................... $15,000
Purchases of inventory (on account)......................................................... 68,000
Sales of inventory—83% on account; 17% for cash (cost $57,000).........115,000
Inventory at FIFO, June 30, 2014............................................................ 26,000

Requirements
1. Journalize Lyons’ inventory transactions for the year under the perpetual system.
2. Report ending inventory
, sales, cost of goods sold, and gross profit on the appropriate financial statement.