ount 27 mboa 2.5 points The market value of a firm commitment to purchase pairs of jeans was $250,000 at 12/31/19. The firm entered into the agreement on 4/1/19 to take delivery in March 2020 price of $350,000. On March 1 of 2020 when the company takes delivery of the jeans, the market price of the jeans, due to extreme demand of denim, would cost $375,000 at market. 58 ndar The entry made at 3/1/2020 would include a: O Adebit to Jeans Inventory for $375,000 O A Debit to Estimated Liability on PC for $100,000 a loss of $25,000 a debit to Recovery of Loss of $25,000 A Credit to Recovery of Loss for $125,000