Question 5 of 16 < > View Policies Current Attempt in Progress -/12 Carla Vista Company began operations in 2019 and determined its ending inventory at cost and at lower-of-LIFO-cost-or-market at December 31, 2019, 2020 and 2021. This information is presented below. Cost Lower-of-Cost-or- Market December 31, 2019 December 31, 2020 December 31, 2021 $78,300 $63,900 90,000 88,200 87,300 87,300 (a) Prepare the journal entries assuming that the inventory is recorded at market, and a perpetual inventory system (cost-of- goods-sold method) is used. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date 12/31/19 Account Titles and Explanation 12/31/20 12/31/21 eTextbook and Media Save for Later Debit Credit Attempts: 0 of 3 used Submit Answer