Count Clothing Company manufactures two types of raincoats-Regular and Stain Resistant. Information related to both products is presented in the following table. (Click the icon to view the table.) Prepare the journal entry to record the write-down to market for the Stain Resistant model under both the direct and indirect methods. Assume that Count Clothing has 3,500 units of the Stain Resistant model in stock. The write-down per unit of Stain Resistant raincoats is $16. Begin by preparing the journal entry needed to record the write-down to market for the Stain Resistant model under the direct method. (Record debits first, then credits. Exclude explanations from any journal entries.) Account Cost of Goods Sold Inventory Year End 56,000 56,000 Now prepare the journal entry needed to record the write-down to market for the Stain Resistant model under the indirect method. (Record debits first, then credits. Exclude explanations from any journal entries.) Account Year End