Lemon Corp.'s records reported an inventory cost of $$481,500 and a net realizable value of $424,875on December 31, 2019. On December 31, 2020, the records indicated a cost of $577,500 and a net realizable value of $526,875. Instructions If Lemon Corp. uses a periodic inventory system, prepare the necessary December 31, 2019 and 2020 entries under the indirect method.