Calabogie Camera Shop Ltd. reports the following cost and net realizable value information for its inventory at December 31 : Prepare the adjusting journal entry required, if any, to record the lower of cost and net realizable value of the inventory assuming Calabogie Camera Shop uses a perpetual inventory system. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.) Determine the lower of cost and net realizable value of the ending inventory