Marigold Company began operations in 2024 and determined its ending inventory at cost and at lower-of-LIFO 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 inventory is recorded at market, and a perpetual inventory system (cost-of-goods-5old method) is used. (List all debit entries before credit entries. Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account tities and enter 0 for the amounts. Record journal entries in the order presented in the problem.)