Check Problem 6-4A Report inventory using lower of cost and net realizable value (LO6-6) (The following information applies to the questions displayed below.) A local Chevrolet dealership carries the following types of vehicles: Inventory Items Vans Trucks 2-door sedans 4-door sedans Sports cars SUVS Quantity 4 7 3 5 1 6 Unit Cost $20,500 16,700 11,700 15,700 30,500 27,400 Unit NRV $18,500 15,700 13,700 18,700 33,500 21,500 Because of recent increases in gasoline prices, the car dealership has noticed a reduced demand for its SUVs, vans, and trucks Problem 6-4A Part 3 3. Prepare necessary entry to write down inventory from cost to net realizable value. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)