Oriole Company began operations in 2025 and determined its ending inventory at cost and at LCNRV at December 31, 2025, and December 31, 2026. This information is presented below. (a) Prepare the journal entries required at December 31,2025, and December 31,2026 , assuming inventory is recorded at LCNRV and a perpetual inventory system using the cost-of-goods-sold method, (List all debit entries before credit entries. Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the occount titles and enter ofor the amounts. Record journal entries in the order presented in the problem.) (b) Prepare journal entries required at December 31.2025, and December 31, 2026, assuming inventory is recorded at ICNRV and a nemptual svstem using the loss method. (List all debit entries before credit entries. Credit account titles ore outomatically indented when (b) Prepare journal entries required at December 31,2025 , and December 31,2026 , assuming inventory is recorded at LCNRV and a perpetual system using the loss method. (List all debit entries before credit entries. Credit occount 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 journal entries in the order presented in the