Coronado Company began operations in 2025 and determined its ending inventory at cost and at LCNRV at December 31, 2025, and December 31,2026 . This information is presented below. (a) Prepare the journal entries required at December 31, 2025, and December 31, 2026, assuming inventory is recorded at LCNRV and a perpetual inventory system using the cost-of-goods-sold method. (list all debit entrles before credit entries. Credit account titles are automatically indented when omount is entered. Do not indert manually. If no entry is required, select "No entry" for the occount titles and enter Ofor the amounts. Record joumal entries in the order presented in the problemJ (b) Prepare journal entries required at December 31,2025, and December 31,2026, assuming inventory is recorded at LCNRV and a perpetual system using the loss method. (List all debit entries before credit entries. Credit account titles are outomatically indented when amount is entered. Do not indent manualhy If no entry is required, select "No entry" for the account titles and enter Of for the amounts. Record journal entries in the order presented in the problem.)