Hello, I need some help with the exercise below. Please solve the "Requirements". Thank you very much, really appreciate it.

P8-29A. The Ski Shop began February with an inventory of 50 ski vests that cost a total of $1,500, with each costing $30. The store purchased and sold merchandise on account as follows: Purchase 1 60 vests @ $35 Sale 1 100 vests @ $60 Purchase 2 .....4.14142121 80 vests @ $40 Sale 2 . 70 vests @ $70 Assume that Ski Shop uses the FIFO cost method. Cash payments on account totaled $5,100. Operating expenses were $2,400; the store paid two-thirds in cash and recorded the rest as accounts payable. Requirements 1. Prepare a perpetual inventory record, at FIFO cost, for this merchandise. 2. Make journal entries to record the store's transactions