Prepare the journal entries required at December 31,2025 , and December 31,2026 , assuming that the inventory is recorded at LCNRV and that Schubert uses a perpetual inventory system and the cost-of-goods-sold method. (Record journal entries in the order presented in the problem. List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Schubert Company began operations in 2025. Its ending inventory at cost and at LCNRV at the end of 2025 and 2026 is presented below: (a) Prepare the journal entries required at December 31,2025 , and December 31,2026 , assuming that the inventory is recorded at LCNRV and that Schubert uses a perpetual imventory system and the cost-of-goods-sold method. (Record journal entries in the order presented in the probiem. List all debit entries before credit entrles. Credit occount titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Prepare journal entries required at December 31,2025 , and December 31,2026 , assuming that the inventory is recorded at LCNRV and that Schubert uses a perpetual system and the loss method. (Record journal entries in the order presented in the problem. List all debit entries before credit entries. Credit account titles are automatically indented when the 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.)