Blossom Company determined its ending inventory at cost and at LCNRV at December 31, 2025, December 31, 2026, and December 31, 2027, as shown below. Cost NRV 12/31/25 $644,900 $644,900 12/31/26 827,500 752,800 12/31/27 991,500 909,600 (b) Prepare the journal entries required at December 31, 2026, and at December 31, 2027, assuming that a perpetual inventory is recorded at cost and reduced to LCNRV using the loss method. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Date 12/31/26 # 12/31/27 Account Titles and Explanation eTextbook and Media Debit Credit