Please explain the breakdown so I have a better understanding. Thank you so much for your help

Required information M6-6 (Static) Preparing Journal Entries for Inventory Purchases and Sales in a Perpetual System [LO 6-3, LO 6-4, LO 6-6] [The following information applies to the questions displayed below.] Inventory at the beginning of the year cost $13,400. During the year, the company purchased (on account) inventory costing $84,000. Inventory that had cost $80,000 was sold on account for $95,000. At the end of the year, inventory was counted and its cost was determined to be $17,400. 16-6 (Static) Part c equired: Prepare journal entries to record these transactions, assuming a perpetual inventory system is used. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the inventory purchased of $84,000 on account. Note: Enter debits before credits. Required information M6-6 (Static) Preparing Journal Entries for Inventory Purchases and Sales in a Perpetual System [LO 6-3, LO 6-4, LO 6-6] [The following information applies to the questions displayed below.] Inventory at the beginning of the year cost \$13,400. During the year, the company purchased (on account) inventory costing $84,000. Inventory that had cost $80,000 was sold on account for $95,000. At the end of the year, inventory was counted and its cost was determined to be $17,400. M6-6 (Static) Part c Required: :. Prepare journal entries to record these transactions, assuming a perpetual inventory system is used. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the sales revenue of $95,000 on account. Note: Enter debits before credits. Required information M6-6 (Static) Preparing Journal Entries for Inventory Purchases and Sales in a Perpetual System [LO 6-3, LO 6-4, LO 6-6] [The following information applies to the questions displayed below.] Inventory at the beginning of the year cost $13,400. During the year, the company purchased (on account) inventory costing $84,000. Inventory that had cost $80,000 was sold on account for $95,000. At the end of the year, inventory was counted and its cost was determined to be $17,400. M6-6 (Static) Part c Required: c. Prepare journal entries to record these transactions, assuming a perpetual inventory system is used. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the cost of goods sold of $80,000. Note: Enter debits before credits