Riverbed Enterprises Ltd's records reported an inventory cost of $56,500 and a net realizable value of $52,900 at December 31, 2021. At December 31, 2022, the records indicated a cost of $71,600 and a net realizable value of $61,600. All opening inventory had been sold during the year. (a) Assuming that Riverbed Enterprises uses a perpetual inventory system, prepare the December 31, 2022 entry that is needed under the direct method and the indirect method. (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. List all debit entries before credit entries.) Date Dec. 31, 2022 Account Titles and Explanation Direct method Debit Credit

Riverbed Enterprises Ltd's records reported an inventory cost of $56,500 and a net realizable value of $52,900 at December 31 , 2021. At December 31,2022 , the records indicated a cost of $71,600 and a net realizable value of $61,600. All opening inventory had been sold during the year, (a) Assuming that Riverbed Enterprises uses a perpetual inventory system, prepare the December 31, 2022 entry that is needed under the direct method and the indirect method. (Credit occount tities 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. List aff debit entries before credit entries.)