1 J .J Electronics Inc. Since the damage was not covered by insurance, the items will be repaired and sold in accordance with the following data: Data per Unit LCD Television DVD Players Normal Selling Price $1 ,500 $400 Purchase Price $1 ,200 $300 Repair Costs $ 105 $ 90 Selling Costs $ 45 $ 30 Selling Price {after Repairs) $ 675 $160 Required: Provide Journal Entries, if any, to record the re damage, in accordance with IFRS, for Jan. Dec. 2016 scal year. Question 3: T4. 2.. I'.'_L nnnnn v1.01": HMJ -...... L..-.... 1...\"... .......-..'..l......1 --.:JL 4L... .L'...'II....--.Z.___ :..L"._..........4:..... 13,... ... (1