Sheridan Company determined its ending inventory at cost and at LCNRV at December 31, 2020, December 31, 2021, and Decembe 31, 2022, as shown below. Cost NRV 12/31/20 $691,400 $691,400 12/31/21 755,300 683,900 12/31/22 954,100 876,300 Prepare the journal entries required at December 31, 2021, and at December 31, 2022, assuming that a perpetual inventory system and the cost-of-goods-sold method of adjusting to LCNRV is used. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit 12/31/21 12/31/22