(c) Which of the two methods above provides the higher net income in each year

Marigold Company began operations in 2024 and determined its ending inwe-ntory at COSt and at lower-of-LIFO costor-market at December 31.2024. and December 31.2025. This information is presented below. 12/31/24 12/31/25 $355,570 374.580 Lower-of-Cos t-O M ar ket $338,310 361,170 (a) Prepare thejournal entries required at December 31.2024. and December 31.2025. assuming that the inventory is recorded at market. and a perpetual inventory SWS tem (cost-Of-goods-sold method) is used E emaed. ruentry No eMM tot titks" mtri in ves.mted ttE mob'em.) Account Tides and Explanation (b) Prepare journal entries required at December 31.2024. December 31, 2025, assuming that the inventory is recorded at marketunder a perpetual System (loss method is used). is required, *Ject tbentry title " alter amamts RecordEurnd in in Account Tides and Explanation (c) Which Of the two methods above provides the higher net income in each year?