Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Complete the table column "Write-Down per Item" and then sum the final column Item Alligator Armoires Bear Bureaus Cougar Credenzas Dingo Cribs Elephant Dressers Unit Cost NRV per Write-down (FIFO Item per Item $ 30 $ 24 5 6 37 371 0 3743 0 38 381 0 32 3032 Quantity Total Write- on Hand down 15 $ 50 55 75 353 Required Information The following information applies to the questions displayed below] Peterson Furniture Designs is preparing the annual financial statements dated December 31. Ending Inventory Information about the five major Items stocked for regular sale follows: 2 Prepare the journal entry Peterson Furniture Designs would record on December 31 to write down its Inventory to LCM/NRV. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction lat Journal entry worksheet Record inventory write down to LCM/NRV. Note: Enter debits before credits General Journal Debit Credit Date December 31 Record entry Clear entry View general Journal