In November 2024, the Brunswick Company signed two purchase commitments. The first commitment requires Brunswick to purchase 19,000 units of inventory at $16 per unit by December 15,2024 . The second commitment requires the company to purchase 29,000 units of inventory at $17 per unit by March 15, 2025. Brunswick's fiscal year-end is December 31. The company uses a periodic inventory system. Both contracts were exercised on their expiration date. Required: 1. Prepare the journal entry to record the December 15 purchase for cash assuming the following alternative unit market prices on that date: a. $16.50 b. $15.50 2. Prepare any necessary adjusting entry at December 31,2024 , for the second purchase commitment assuming the following alternative unit market prices on that date: a. $18.50 b. $16.30 3. Assuming that the unit market price on December 31,2024 , was $16.30, prepare the journal entry to record the purchase on March 15, 2025, assuming the following alternative unit market prices on that date: a. $17.50 b. $16.00 2025, assuming the following alternative unit market prices on that date. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the purchase for cash of 29,000 units when the market price is $17.50 per unit. Note: Enter debits before credits. 2025, assuming the following alternative unit market prices on that date. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the purchase for cash of 29,000 units when the market price is $16.00 per unit. Note: Enter debits before credits