Headland Company determined its ending inventory at cost and at LCNRV at December 31, 2025, December 31, 2026, and December 31,2027 , as shown below. (a) Prepare the journal entries required at December 31, 2026, and at December 31, 2027, assuming that a perpetual inventory system and the cost-of-goods-sold method of adjusting to LCNRV are used. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)