5. Farmington Company uses a perpetual inventory system and values its inventory at lower of cost or market. Its accounting records indicate the following information relating to inventory: Inventory Cost Market Date December 31, 2017 December 31, 2018 100,000 115,000 88,000 104,000 Required: Prepare the required journal entries at December 31, 2017, and December 31, 2018, to record the inventory at lower of cost or market: (8 pts). Debit Credit General Journal Date Dec. 31 2017 Dec 31 2018