Marigold Compamy began operations in 2024 and determined its ending inventory at cost and at lower-of-LIF O cost-or-market at December 31, 2024, and December 31,2025. This information is presented below. (a) Prepare the journal entries required at December 31,2024, and December 31, 2025, assuming that the irventory is recorded at market, and a perpetual inventory siystem (cost-ot-goods-sold method) is used. (List all debit entries before credit entries, Credit account titles are outomotically indented when amount is entered, Do not indent manually. If no entry is required, select "No entry" for the occount titles and enter O for the amounts Record joumal entries in the order presented in the problem.) (b) Prepare journal entries required at December 31, 2024, and December 31,2025 , assuming that th Wiventory is recorded at market under a perpetval system (loss method is used). (Lht all debit entries before credit entries Credit account titles are autometicolly indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the occount tities and enter 0 for the amounts. Record journal entries in the order presented in the probiem.)