BCN, Co accumulates the following cost and market data at 12/31/XX. 

Product                                           Cost                                                   Market 

12GB memory cards                         $53,000$                                45,000 

Camera mounts                                 $28,000$                            27,000 

Waterproof camera covers                 $14,000                            $21,000 

Camera light assembly                         $6,000                               $8,000 

total                                                           $101,000 

A. What, if any, is the amount of the lower cost or market adjustment? 

B. What is the journal entry to record the adjustment?

Note: Make sure to format your entries properly, whether you are using a table or plain text entry.