Bothel Corp. uses FIFO forintemal reposting purposes and LIFO for financial and income tax purposes. At the end of 2022, the following information was obtained from the inventory records: 12/31/2021 12/31/2022 Ending invertory at FIFO Ending inventory at UFO $62,920 $74,600 54,800 67,480 Required: A Prepare the necessary adjusting journal entry assuming that Bothel converts the accounts to LIFO at the end of 2022. B. modicate hon Bothel would disclose the inventory value on its comparative balance sheets prepared at the end of 2022.