Entity models render completely white in GUI screens while affected by glowing and invisibility at the same time

If the player has applied glowing and invisibility effects at the same time, the player model in the inventory will appear completely white. This didn't happen in 1.21.1, instead the player would only render invisible.

How to reproduce

1. Apply yourself glowing and invisibility using commands.

2. Open the survival inventory.

3. Notice the player model.