E8.4B (L04) (Dollar-Value LFO) The following information relates to James Company Date Price Index December 31, 2016 Ending Inventory (End-of-Year Prices) $154,000 100 196,768 104 December 31, 2017 December 31, 2018 205,656 114 December 31, 2019 22 448 118 December 31, 2020 211,200 120 Instructions (a) Use the dollar-value LIFO method to compute the ending inventory for lames Company for 2016 through 2020. (b) Find the UFO reserve and UFO effect for each year. (c) Prepare the necessary journal entries to record the UFO effect in each period