Mist, Inc. uses a PERIODIC inventory system and has the following transactions for one of its inventory items during 2020: Beginning Inventory 126units @ $50 per unit Purchases Purchase 1 on 3/11/20 62units @ $52 per unit Purchase 2 on 10/18/20 86units @ $54 per unit Sales Sale 1 on 3/15/20 Sale 2 on 10/22/20 120units @ $82 per unit 115units $82 per unit All units sold on 3/15/20 were from beginning inventory. The 10/22/20 sale included 50 units from the 3/11/20 purchase and 65 units from the 10/18/20 purchase. Show how Mist's Balance Sheet and Income Statement would differ under each of the inventory cost flow assumptions. Compute Ending Inventory, COGS and Gross Profit under Specific Identification, Weighted Average Cost, FIFO and LIFO. Fill in your answers on the table. You must round the weighted average cost to two decimal points before using it in your calculations; however, you should NOT round any of the answers that you put into the table below. 12/31/20 Balance Sheet Ending Inventory 2020 Income Statement Cost of Goods Sold Gross Profit Specific Identification First-In, First-Out Last-In, First-Out Weighted Average Cost