Vaughn Inc. uses a perpetual inventory system. At January 1,2025 , inventory was $462.240 at both cost and net realizable value. At December 31,2025 , the inventory was $617.760 at cost and $572.400 at net realizable value. Prepare the entry under (a) the cost-of-goods-sold method and (b) the loss method. (List all debit entries before credit entries. Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account tities and enter O for the amounts.)