Eagle Resources, which uses the FIFO inventory costing method, has the following account balances at December 31,2025 , prior to releasing the financial statements for the year. Eagle has determined that the current replacement cost (current market value) of the December 31,2025 , ending merchandise inventory is $13,500 Read the requirements Requirement 1. Prepare any adjusting journal entry required from the given information. (Record debits first, then credits. Select the explanation on the last line of the journal entry. For situations that do not require an entry, make sure to select "No entry required" in the first cell in the "Accounts" column and leave all other cells blank.)