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Flint Company determined its ending inventory at cost and at LCNRV at December 31, 2020, December 31, 2021, and December 31 . 2022, as shown below. (a) Your answer is correct. 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 0 for the amounts.) Prepare the journal entries required at December 31,2021, and at December 31,2022 , assuming that a perpetual inventory is recorded at cost and reduced to LCNRV using the loss method. (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.) Attempts: 2 of 3 used Prepare the journal entries required at December 31, 2021, and at December 31,2022, assuming that a perpetual inventory is recorded at cost and reduced to LCNRV using the loss method. (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 tities and enter o for the amounts.)