12 nces Required information [The following information applies to the questions displayed below.) During fiscal 2014, Respberry, Incorporation wrote down its RB10 smartphone inventory by approximately $1,691,000,000 because its cost exceeded its net realizable value. Required: 1. Complete the table below, indicating the account, amount, and direction and show the effects for the above adjustment. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Stockholders' Equity [The following information applies to the questions displayed below.) During fiscal 2014, Respberry, Incorporation wrote down its RB10 smartphone inventory by approximately $1,691,000,000 because its cost exceeded its net realizable value. 2 of 2 ook 2. Prepare the journal entry that the company would have made to record the above adjustment. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet A Record the inventory write down of $1,691,000,000 to LCM. ences Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal