LC NRV (Version 4 Kanga Corp's records reported an inventory cost of $53,500 and a net realizable value of $47,500 at December 31, 2019. A December 31, 2020, the records indicated a cost of $72,000 and a net realizable value of $62,000. All opening inventory had been sold during the year 2 3 Instructions Assuming that Kanga Corp. uses a perpetual inventory system, prepare the necessary entries as at December 31, 2019 and December 31, 2020 under both the direct method and the indirect method. Debit Credit Date Accounts