If you wouldn't mind breaking down how you got the answer I would appreciate it, I'm trying to study for my exam. Thank you so much!

Presented below is information related to Sheridan Enterprises. $10,03 Inventory at cost Inventory at LCNRV Purchases for the month Jan. 31 $16,050 15,515 Feb. 28 $16,157 13,482 18,190 31,030 Mar 31 $18,190 16,692 25,680 37,450 Apr. 30 $14.980 14,231 28,355 42,800 Sales for the month From the information, prepare (as far as the data permit) monthly income statements in columnar form for February, March, and April. The inventory is to be shown in the statement at cost; the gain be shown separately (using a valuation account). (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) February March April Prepare the journal entry required to establish the valuation account at January 31 and entries to adjust it monthly thereafter. (Credit accou required, select "No entry for the account titles and enter Ofor the amounts) Date Account Titles and Explanation Debit Credit