A LCNRV (Periodic) - V2 B As a result of its annual inventory count, Grouper Corp. determined its ending inventory at cost and at lower of cost and net realizable value at December 31, 2019. and December 31, 2020. December 31, 2019, was Grouper's first year end. This information is as follows: Date Cost Lower of Cost and NRV December 31, 2019 December 31, 2020 $321,200 $385,300 $284,050 $351,750 Instructions Prepare the journal entries required at December 31, 2019 and 2020, assuming that the inventory is recorded at cost and an allowance account is adjusted at each year end under a periodic system. Please provide your complete journal entries (omit explanations) in the table below. Date Accounts Debit Please show any supporting calculations in the blue shaded region below. Credit