Marigold Company began operations in 2020 and determined its ending inventory at cost and at LCNRV at December 31, 2020, and December 31, 2021. This information is presented below 12/31/20 12/31/21 Cost $320,150 436,400 Net Realizable Value $298.250 418,370 (a) Prepare the journal entries required at December 31, 2020, and December 31, 2021. suming inventory is recorded a LCNRV and a perpetual inventory system using the cost of goods sold method. Oditoccountries aromatically indented when amount Is entered. Do not indent manually if no entry is required select "No entry for the end of the amount Date Account Titles and explanation Debit Code 12/31/20 12/31/21 (b) Prepare Journal entries required at December 31, 2020, and December 31, 2021, ning inventory is recorded at CNRV and a perpetual system using the loss method. (Credit accountitles are automatically indented when amount is entered Doroindent manually. If no entry is required, select "No entry for the accountitles and enter for the amounts) Date Account Titles and Explanation Debit Credit 12/31/20 12/31/21