A dollar-value LIFO analysis shows the following: LIFO Reserve (year 20x0) = $3,000 LIFO Reserve (year 20x1) = $5,200 What is the journal entry to account for the LIFO reserve? Allowance to reduce inventory to LIFO Cost of goods sold $2,200 $2,200 O Cost of goods sold Allowance to reduce inventory to LIFO $2,200 $2,200 O Allowance to reduce inventory to LIFO $5,200 Cost of goods sold $5,200 Cost of goods sold $5,200 Allowance to reduce inventory to LIFO $5,200