Plz show me the steps, thanks!

CNB uses the perpetual system to keep track of inventory. The following is taken from the 20212022 inventory records of CNB. CNB uses LIFO for external purposes, but uses FIFO for internal purposes. At the end of 2022, CNB will: Multiple Choice Credit LIFO reserve $1,200. Debit LIFO reserve $1,400 Credit LIFO reserve $1,400. Dredit LIFO reserve $1,200 CNB uses the perpetual system to keep track of inventory. The following is taken from the 20212022 inventory records of CNB. CNB uses LIFO for external purposes, but uses FIFO for internal purposes. At the end of 2022, CNB will: Multiple Choice Credit LIFO reserve $1,200. Debit LIFO reserve $1,400 Credit LIFO reserve $1,400. Dredit LIFO reserve $1,200