10 Required information The following information applies to the questions displayed below) Peterson Furniture Designs is preparing the annual financial statements dated December 31 Ending inventory Information about the five major items stocked for regular sale follows Part 22 OTA 2. Prepare the journal entry Peterson Funiture Designs would record on December 31 to write down its inventory to ECM/NRV. Of no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Views Journal entry worksheet Recordventory write to LOUN December 31 Recendo wy ME