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Pefusson Furniture Desigins is preparing the annual financial statements dated December 31 . Ending inventory information about the five major items stocked for regular sale follows: Required: 1.a. Complete the table column "Wite-Down per item" and then sum the final column. 1-b. Campute the amount of the total write-down when the LCMNRV rule is applied to each item. 2. Prepare the journar entry Peterson Furniture Designs would record on December 31 to write down its inventory to LCMiNRV. Complete this question by entering your answers in the tabs below. Complete the table column "Write-Down per Item" and then sum the final column: Peterson Furniture Designs is preparing the annual financial statements dated December 31 . Ending inventory information about the five major iteins stocked for regular sale follows: Required: 1-0. Complete the table column "Write-Down per item" and then sum the final column. 1-b. Compute the amount of the total write-down when the LCMINRV rule is applied to each item. 2. Prepare the journal entry Peterson Furniture Designs would record on December 31 to write down its inventory to LCMiNRV. Complete this question by entering your answers in the tabs below. Compute the amount of the total write-down when the LCM/NRV rule is applied to each item. Caniplete thic question by enteriueg your answers in the talrs tielow. Frepare the joomal entry Peternon Furniture Designs would tecord on December 31 to weite dewn its inventory to LeM/akv. (It no entry Journal entry worksheet Rotet Enter debits teifore cr codis