Problem A (40 points) Presented here are selected transactions for the Leiss Company during April. Leiss uses the perpetual inventory system. April 1 Sold merchandise to Mann Company for $4,000, terms 2/10, n/30. The merchandise sold had a cost of $2,500. 2 Purchased merchandise from Wild Corporation for $8,000, terms 1/10, n/30. 3. Paid for freight of $250 for April 2 purchase. Purchased merchandise from Ryan Company for $1,000, n/30. 10 Received payment from Mann Company for purchase of April 1 less appropriate discount. 11 Paid Wild Corporation for April 2 purchase. Instructions Journalize the April transactions for Leiss Company. 4 Problem B (40 Points) Prepare a multi-step income statement through gross profit using the information from Problem A. Problem C (20 Points) Assuming beginning inventory was $10,000 at cost, what was the ending inventory at cost