Calculate the lower of cost and net realizable value valuation assuming Blossom Company applies LCNRV to individual products. Lower of cost and net realizable value $ What adjustment should the company record if it 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 O for the amounts.) Account Titles and Explanation Debit Credit (To record adjustment to cost of goods sold.) Blossom Company has the following cost and net realizable value data at December 31, 2021: Inventory Categories Cost Net Realizable Value Personal computers $24,000 $21,500 Servers 18,000 19.500 Total solution printers 10,000 6,500