Blossom Company began operations in 2019 and determined its ending inventory at cost and at lower-of-LIFO-cost-or-market at December 31, 2019,2020 and 2021. This information is presented below. Cost Lower-of-Cost-or-Market $64,380 $52,540 December 31, 2019 December 31, 2020 74,000 72,520 December 31, 2021 71,780 71,780 Prepare the journal entries assuming that the inventory is recorded at market, and a perpetual inventory system (cost-of-goods- sold method) is used. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit 12/31/19 12/31/20 12/31/21 Prepare journal entries required at December 31, 2019,2020 and 2021, assuming that the inventory is recorded at market under a perpetual system (loss method is used). (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit 12/31/19 12/31/20 12/31/21