23 Critter Petco has the following inventory Inventory Cost Selling Price Disposal Costs Profit Margin Replacement Cost Food Hedgehogs 8,000 11,500 2,000 500 8,100 Food Gerbils 6,500 19,000 14,400 450 4,000 Toys-Hedgehogs: 4,600 8,000 2,500 1,900 5,400 Toys - Gerbils 4,000 7,400 3,500 3,150 4,000 4 pts The company uses lower-of-cost-or-net realizable value for inventory under FIFO. At the end of the year, the company tests if there is an impairment to inventory. Determine the ending balance of inventory reported on the balance sheet after recording impairment loss (if any). The company uses the group-by-group approach with food and toys as the two groups