Please create the same tables for the LIFO method. Thank you.

Required information (The following information applies to the questions displayed below! The following information pertains to the inventory of Parvin Company during Year 2 Jan. 1 Beginning Inventory 400 units @ $30 Apr. 1 Purchased 2,000 units @ $35 Oct. 1 Purchased 600 units 538 D. During Year 2. Parvin sold 2.700 units of inventory at $90 per unit and incurred $41500 of operating expenses. Parvin currently uses the FIFO method but is considering a change to LIFO. All transactions are cash transactions. Assume a 30 percent income tax rate Parvin started the period with cash of $75,000, inventory of $12,000, common stock of $50,000, and retained earnings of $37.000. Required 6. Record the above transactions in general journal form and post to T-accounts using (1) FIFO and (2) LIFO. Use a separate set of journal entries and T-accounts for each method. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) FIFO Merchandise Inventory Beg Bal Beg. Bal End Bal End. Bal Common Stock Retained Earnings Beg Bal Beg Bal End Bal End Bal Sales Revenue Cost of Goods Sold Beg Bal Beg Bal Sales Revenue Cost of Goods Sold Beg Bal Beg. Bal End Bal End. Bal Operating Expenses Income Tax Expense Beg Bal Beg Bal End. Bal End Bal