Care Question 3 of 6 C> View Policies Current Attempt in Progress Bramble Company began operations in 2020 and determined its ending inventory at cost and at LCNRV at December 31, 2020, and December 31, 2021. This information is presented below. 12/31/20 12/31/21 Cost $321280 392,090 Net Realizable Value $295,520 370.230 (a) Prepare the journal entries required at December 31, 2020, and December 31, 2021. assuming inventory is recorded at LCNRV and a perpetual inventory system using the cost-of-goods-sold method. (Credit account titles are automatically inderted when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit 12/31/20 12/31/21 th) Prepare journal entries required at December 31, 2020, and December 31, 2021. auming inventory is recorded at CNRV and a perpetual system using the loss method. (Credit account titles are automatically indented when amount hentered. Do not indent manualithaalalaalaratadinatanaamtamilaalalaam . D C Search or type URL 9 0 2 8 6 7 4 2 3 P U T W E R H G J. F S D BN M gestion 3 of 6 (b) Prepare journal entries required at December 31, 2020, and December 31, 2021. assuming inventory is recorded at LCNRV and a perpetual system using the loss method. (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 for the amounts) Date Account Titles and Explanation Debit Credit 12/31/20 12/31/21 (c) Which of the two methods above provides the higher net income in each year? e Textbook and Media List of Accounts Save for later Attempts: 0 of 3 used Submit Anwar Search or type URL 3 6 8 . Y U E R 0 G H F J K S