Metlock Company determined its ending inventory at cost and at LCNRV at December 31, 2020, December 31, 2021, and December 31, 2022, as shown below. Cost NRV 12/31/20 $585,500 $585,500 12/31/21 731,000 660,500 12/31/22 834,400) 757,300 Prepare the journal entries required at December 31, 2021, and at December 31, 2022, assuming that a perpetual inventory system and the cost-of-goods-sold method of adjusting to LCNRV is used. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation 12/31/21 Cost of Goods Sold Allowance to Reduce Inventory to NRV 12/31/22 Cost of Goods Sold Allowance to Reduce Inventory to NRV Debit Credit