Wildhorse Company began operations in 2019 and determined its ending inventory at cost and at lower-of-LIFO-cost-or-market at December 31, 2019, 2020 and 2021. This information is presented below. Lower-of-Cost-or- Market Cost $66,740 December 31, 2019 December 31, 2020 December 31, 2021 $81,780 94,000 91,180 92,120 91,180 Prepare the journal entries assuming that the inventory is recorded at market, and a perpetual inventory system (cost-of-goods-sold method) is used. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit 12/31/19 12/31/20 12/31/21 e Textbook and Media List of Accounts Prepare journal entries required at December 31, 2019, 2020 and 2021, assuming that the inventory is recorded at market under a perpetual system (loss method is used). (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit 12/31/19 12/31/20 12/31/21 eTextbook and Media List of Accounts Which of the two methods ahove nrovides the higher net income in each year