klm started the period with 20 bicycles in inventory each had cost $150 and then purchased additional 30 bicycles at a cost of $160 each before the following sale transaction to team america. klm is using perpetual inventory system with lifo method for inventory valuation. given the data, provide journal entry to the following sale transaction: klm sold 40 bicycles to team america for $300 each, terms were 2/10, n/30. provide the necessary journal entry that klm should make to record this transaction. example of answer: 4000 (no comma, space, decimal point, or $ sign)