Complete this question by entering your answers in the tabs below. Req 1A Req 1B Complete the table column "Write-Down per Item" and then sum the final column. NRV per Write-down Item Unit Cost (FIFO) 20 Item per Item Quantity Total Write- on Hand down 95 $ 665 Alligator Armoires $ 13 $ 7 Bear Bureaus 53 53 80 50 57 15 Cougar Credenzas Dingo Cribs Elephant Dressers 36 36 35 37 32 $ 5 35 $ 175 Reg 1A Req 1B > 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 list View transaction list Journal entry worksheet 1 Record inventory write down to LCM/NRV. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal View transaction list ^ Record inventory write down to LCM/NRV. Credit Note : = journal entry has been entered Record entry Clear entry View general journal