CorrsCompany began operations in 2019 and determined its ending inventory at cost and at lower-of-LIFO cost-or-market at December 31, 2019, and December 31, 2020. This information is presented below:

Cost Lower-of-Cost-or-Market

12/31/19 $356,000 $327,000

12/31/20 420,000 395,000

Prepare journal entries required at December 31, 2019, and December 31, 2020, assuming that the inventory is recorded at market under a perpetual system (loss method is used).

I have already gotten the answer:

12/31/19 Loss due to market decline in inventory 29,000

Allowance to reduce inventory to market 29,000

12/31/20 Allowance to reduce inventory to market 4,000

? 4,000

?- I've tried "Loss due to market decline in inventory" (this was wrong)

= I've also tried "Recovery of loss due to market decline of inventory" (this was also wrong)

What in the name of that account?