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 $481,440. Alcide summarized the relevant inventory cost and market data at May 31, 2025, in the schedule below. Alcide assigned Patricia Devereaux, an intern 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 Replacement Net Realizable Cost Cost Sales Price Value Normal Profit Aluminum siding $82,600 $73,750 $75,520 $66,080 $6,018 Cedar shake siding 101,480 93,692 110,920 100,064 8,732 Louvered glass doors 132,160 146,320 219,952 198,594 21,830 Thermal windows 165,200 148,680 182,664 165,200 18,172 Total $481,440 $462,442 $589.056 $529.938 $54.752 (a1) Determine the write-down, if any, to reduce inventory to market at May 31, 2025 Inventory loss $ (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 theaccount titles and enter O for the amounts. Date Account Titles and Explanation Debit Credit May 31