In. 2024. a company teports inventory under LFO for the omount of $128,000 inventary would have been ieported for $140,000.r the compary had reported using FiFO. In 2025 , the compeny calculates ending inventory under Lifo to be $137,000 and under FiFO 10 be is5,000 whila of the following correctly records the LiFO reserve adjusting entry at the end of 2025? Debit retained earnings and credit LFO reserve for $6,000 Debit cost of goods sold and eredt LiFO reserve for $18.000. Debit inventory and credit retained earnings for $18,000. Assigameat Print Vien 58AM Debit cost of goods sold and credit LFO reserve for $6,000