1. Prepare the entries which would have been made to record the events of Alternative "a," including the "savings" of the rent and any adjusting entries on December 31, 2021 (assume the inventory would not have decreased in value after you purchased it = no LCM). No dates are needed on these entries (except the adjusting entries) since the sales would have been made throughout the last few months of the year 2021. 1. Prepare the entries which would have been made to record the events of Alternative "a," including the "savings" of the rent and any adjusting entries on December 31, 2021 (assume the inventory would not have decreased in value after you purchased it = no LCM). No dates are needed on these entries (except the adjusting entries) since the sales would have been made throughout the last few months of the year 2021