pound for cocoa beans had fallen to $$2\mathrm{.}65$ by December $31,2025.$

Of the following journal entries, the one which would properly reflect in $2025$ the effect of the commitment of Blossom Co$.$ to purchase the $237000$ pounds of cocoa is

$\backslash$table$[[$Cocoa Inventory,$],[$Accounts Payable,$639900],[$Loss on Purchase Commitments,$11850],[$Estimated Liability on Purchase Commitments,$11850],[$Cocoa Inventory,$628050],[$Loss on Purchase Commitments,$11850],[$Accounts Payable,$639900]]$

No entry would be necessary in $2025.$