Crane Company has the following cost and net realizable value data at December 31, 2021 Cost $24,200 Inventory Categories Personal computers Servers Total solution printers Net Realizable Value $21.500 19,500 18,500 10,000 8,600 Your answer is incorrect Calculate the lower of cost and net realizable value valuation assuming Crane Company applies LCNRV to individual produs 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 entero for the amounts.) Account Titles and Explanation Debit Credit Cost of Goods Sold 2900 Merchandise Inventory 2900 (To record adjustment to cost of goods sold.)