3 4 2 1 A B C LCNRV (Version 3) D E H Kanga Corp.'s records reported an inventory cost of $52,500 and a net realizable value of $47,400 at December 31, 2019. At December 31, 2020, the records indicated a cost of $70,000 and a net realizable value of $61,000. All opening inventory had been sold during the year. Instructions Assuming that Kanga Corp. uses a perpetual inventory system, prepare the necessary entries as at December 31, 2019 and December 531, 2020 under both the direct method and the indirect method. Please provide your complete journal entries (omit explanations) in the table below. Date Account Titles Please show any supporting calculations in the blue shaded region below. Debit Credit