Inventory data for the years following the base-year are: Inventory at Price index Year year-end prices (base year 2013) 2013 $180,000 1.00 2014 252,000 1.05 2015 264,500 1.15 2016 387,500 1.25 a) Compute the ending inventory at December 31, 2013, 2014, 2015, and 2016, using the dollar-value LIFO method for each year. Clearly indicate the inventory amount that will be reported on the Balance Sheet at 12/31/13, 12/31/14, 12/31/15, and 12/31/16. b) Write the needed adjusting entry for 12/31/14. c) What is the LIFO Reserve amount for 12/31/15? What is the LIFO effect for 12/31/15? Write the needed adjusting entry for 12/31/15.