8. The controller of Sunland Corp. has provided you with the following information relating to its inventory: Sunland uses the periodic inventory system, and records its inventory at cost. An allowance account is adjusted at the end of each year to adjust the value of the inventory to the lower fonst and NRV. Calculate Loss on Inventory Due to Decline in NRV for 2023. a) $14,100 b) $51,000 c) $65,100 d) No loss is recorded; there is a recovery of loss of $57,400