a,b, and c please!

Vaughn Company began operationsin 2025 and determined its ending inwentory at cost and at LCNRV at December 31 , 2025 , and December 31, 2026. This information is prosented below. (a) Prepare the iournal entries required at Deckmber 31, 2025, and December J1,2025, asisiuming inventory iw recorded at 1CNik and (b) Prepare journal entries required at December 31,2025 , and December 31.2026 antiming inventery is recordedar tCv arda joumal entries in the order presented lis the probiem ? (c) Which del the two inuthode above provides the higher net ingome in wast vear