33 Robin Company began operations in 2021 and determined its ending inventory at cost and at LCNRV at December 31, 2021 and December 31, 2022. This information is presented below. 35 Instructions: a. Prepare the journal entries required at December 31, 2021 and December 31, 2022, assuming inventory is recorded at LCNRV and a perpetual inventory system using the cost of goods sold method. b. Prepare the journal entries required at December 31, 2021 and December 31, 2022, assuming inventory is recorded at LCNRV and a perpetual inventory system using the loss method. c. Which of the two methods reports a higher net income in each year? Journal for requirements a&b : Date Accounts Debit Credit