Invo Equipment started business in 2022, and had some problems with inventory in its first few years. The following table gives the cost and net realizable value of their closing inventory for each of the first four years. HAND IN YearCostNRV2022$25,000$23,500202332,00030,000202440,00039,200202542,00043,500Required: Prepare Invo's journal entries related to the above information for each year, using 1. The direct method The indirect (allowance) method