The controller of Sunland Corp. has provided you with the following information relating to its inventory: Date Cost Lower of cost and NRV Dec. 31/22 $429,100 Dec. 31/23 $577,500 $385,000 $521,200 Sunland uses the periodic inventory system, and records its inventory at cost. An allowance account is adjusted at the end of each year to adjust the value of the inventory to the lower of cost and NRV. Prepare the journal entries that Sunland would have prepared for its 2022 and 2023 year ends, assuming that 2022 was its first year of operations. (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. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles Debit Credit