Color Mania, Inc. manufactures and distributes house paints. Color Mania uses the dollar-value LIFO method. Information for 2022, 2023, and 2024 is presented in the following table FEE (Click the icon to view the data) The cumulative price indices for 2022 2023, and 2024 respectively are 1.0000, 1.0340, and 1.0690 Read the requirements Requirement a. Compute the company's ending inventory using dollar-value LIFO for each year. Round to the nearest dollar. (Use price index amounts to four decimal places as given in the information, Xx calculations and the amounts you enter into the cells below to the nearest whole dollar) Year 2022 layer 2023 layer 2024 layer Ending inventory under doftar-value LIFO 2022 2023 2024 Requirement b. Prepare the journal entry required to adjust the LIFO reserve for each year. (Record debits first, then credits. Exclude explanations from any journal entries. Round all interim cur the cells below to the nearest whole dollar.) Begin with the adjusting entry for 2023 Account 2023 Year-end Prepare the adjusting entry for 2024 Account 2024 Year-end Account Cost of Goods Sold F LIFO Reserve 2023 Year- Loss on Inventory Write-down 2024 Year-end Miscellaneous Expense e Data table Year 2022 Base year 2023 2024 - 69 $ 69 Inventory - FIFO 370,000 399,000 69 $ 419,000 Print Done - al entri