Question 21 9 pts Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1,100,000 and the relevant price index was 1.00. Information regarding inventory for subsequent years is as follows: Inventory at Current Date Current Prices Price Index December 31, 2020 $1,284,000 1.07 December 31, 2021 1,450,000 1.25 December 31, 2022 1,625,000 1.30 1) What is the 2020 inventory balance using dollar-value LIFO? 2) What is the 2021 inventory balance using dollar-value LIFO? 3) What is the 2022 inventory balance using dollar-value LIFO? Edit View Insert Format Tools Table A ve Tv : 12pt Paragraph v B IU