Blossom Home Improvement Company installs replacement siding, windows, and louvered glass doors for single-family homes and condominium complexes. The company is in the process of preparing its annual financial statements for the fiscal year ended May 31. 2025. Jim Alcide, controller for Blossom, has gathered the following data concerning inventory. At May 31, 2025, the balance in Blossom's Raw Materials Inventory account was $436.560. Alcide summarized the relevant inventory cost and market data at May 31, 2025, in the schedule below. Alcide assigned Patricia Devereaux, an interis from a local college, the task of calculating the amount that should appear on Blossom's May 31, 2025, financial statements for inventory under the lower-of-cost-or-market rule as applied to each item in inventory. Devereaux expressed concern over departing from the historical cost principle. Consider the following expanded data at May 31, 2025. Assume Blossom uses LIFO Inventory costing Cost Replacement Cost Net Realizable Normal Sales Price Value Profit Aluminum siding $74,900 $66.875 $68,480 $59.920 $5,457 Cedar shake siding 92.020 84.958 100,580 90,736 7,918 Louvered glass doors 119.840 132,680 199,448 180,081 19.795 Thermal windows 149.800 134,820 165,636 149,800 16,478 Total $436.560 $419.333 $534,144 $480,537 $49,648 (a1) Determine the write-down, if any, to reduce inventory to market at May 31, 2025. Inventory loss Question 3 of 3 Replacement Net Realizable Normal Cost Cost Sales Price Value Profit Aluminum siding $74,900 $66,875 $68,480 $59,920 $5,457 Cedar shake siding 92,020 84,958 100,580 90,736 7,918 Louvered glass doors 119,840 132,680 199,448 180,081 19.795 Thermal windows 149,800 134,820 165,636 149,800 16,478 Total $436,560 $419,333 $534,144 $480,537 $49,648 (a1) Determine the write-down, if any, to reduce inventory to market at May 31, 2025. Inventory loss $ -/1.5 E (a2) For the fiscal year ended May 31, 2025, prepare the entry to record the decline in inventory to market, if any, using the loss method. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. Date Account Titles and Explanation May 31 Debit Credit