Bombers Corporation began operations in $2026.$ Its ending inventory at cost and at LCNRV at the end of $2025$ and $2026$ is presented below:

Cost Net Realizable Value

$12/31/26$ $$926,000$ $$922,000$

$12/31/27910,000920,000$

Prepare the journal entries $($if any$)$ required at December $31,2026,$ and December $31,2027,$ assuming that the inventory is recorded at LCNRV and that Schubert uses a perpetual inventory system and the cost$-$of$-$goods$-$sold method.