Exercise 8-26 (Algo) Dollar-value LIFO (L08-8] On January 1, 2021, the Haskins Company adopted the dollar-value LIFO method for its one inventory pool. The pool's value on this date was $680,000. The 2021 and 2022 ending inventory valued at year-end costs were $715.000 and $783.000, respectively. The appropriate cost indexes are 104 for 2021 and 1.08 for 2022 Required: Complete the below table to calculate the inventory value at the end of 2021 and 2022 using the dollar-value LIFO method. (Round Year end cost Index" to 2 decimal places. Round other final answer values to the nearest whole dollars.) Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cont Inventory OVE Cast Date Inventory at Year End Cost Year-End Cost Index Inventory Layers at Base Year Inventory Layers at Base Year Cost Year-End Cost Index Inventory Layers converted to Cost Cost 101/01/2021 12/31/2021 0 Base Base 2021 3 12/21/2022 Base 2021 2022 Required Information Exercise 8-9 (Algo) Purchase discounts; the gross method [LO8-3) The following information applies to the questions displayed below! On July 15, 2021. the Nixon Car Company purchased 2,100 tires from the Harwell Company for $40 each. The terms of the sale were 3/10./30. Nixon uses a perpetual inventory system and the gross method of accounting for purchase discounts Exercise 8-9 (Algo) Parts 1 and 2 Required: 1. Prepare the journal entries to record the purchase on July 15 and payment on July 23, 2021, 2. Prepare the journal entry for the payment, assuming Instead that it was made on August 15, 2021 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entries to record the purchase on July 15 and payment on July 23, 2021. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet