At 12/31/20, the end of Wildhorse Company's first year of business, inventory was $ 6,500 and $ 5,100 at cost and at market. respectively Following is data relative to the 12/31/21 inventory of Jenner Original Cost Per Unit Replacement Cost Item A $0.85 $0.35 B 0.40 0.35 0.65 0.70 D 0.80 0.70 E 0.70 0.65 Selling price is $ 1.00/unit for all items. Disposal costs amount to 10% of selling price and a "normal" proht is 30% of selling price. There are 1.500 units of each item in the 12/31/21 inventory Date Acco des and Explanation Debit Credit 12/31/20 Complete the last three columns in the 12/31/21 schedule below based upon the lower-cost-ar market res Original Cost Per Unit Replacement Cout Net Realizable Vaka Net Realizable Value Less Normal Profit Item A 5035 5035 3 040 0.35 C 0.65 0.70 D 0.30 0.70 E 070 0.65 Prepare the entries nec at 12/31/21 based on the data above (Credit account titles are automatically indented when the amount is entered Denmarcal Date Account Titles and Explanation Debit Credit 12/31/21 (to record cost of goods sold) 12/31/21 cro record profilo How to disclosed on the income statement ventaries can be dided partly below - or they can be shown as part of