Tamarisk Company began operations in 2025 and determined its ending inventory at cost and at LCNRV at December 31, 2025, and December 31, 2026. This information is presented below. Cost Net Realizable Value 12/31/25 $351,530 $328,240 12/31/26 373.970 354,450 (a) Prepare the journal entries required at December 31, 2025, and December 31, 2026, assuming inventory is recorded at LCNRV and a perpetual inventory system using the cost-of-goods-sold method. (List all debit entries before credit entries. 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 O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation 12/31/25 Cost of Goods Sold Debit Credit 23290 12/31/26 v Allowance to Reduce Inventory to NRV 3770 Cost of Goods Sold 23290 3770