The answer is not 12,320 or 0 (zero), please help me find the correct answer. Thank you.

Sunland 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 December 31, 2019 December 31, 2020 December 31, 2021 $76,560 88,000 85,360 $62,480 86,240 85,360 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 Cost of Goods Sold 14,080 Allowance to Reduce Inventory to Market 14,080 12/31/20 Allowance to Reduce Inventory to Market 12,320 Cost of Goods Sold 12,320 12/31/21 Allowance to Reduce Inventory to Market Cost of Goods Sold