Crane Corporation had the following items in inventory as at December 31, 2017: Item No. Quantity 110 120 150 D3 250 Unit Cost $3.00 5.00 10.00 9.00 NRV $3.30 4.70 11.00 .50 Assume that Crane uses a perpetual inventory system, and that none of the inventory items can be grouped together for accounting purposes. Prepare the year-end adjusting entry required to adjust to the lower of cost or net realizable value using the direct method. (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 dccount Lilles dnd enter o for the mounts.) Account Titles and Explanation Debit Credit Date December 31, 2017 Prepare the year-end adjusting entry required to adjust to the lower of cost or net realizable value using the indirect method. (Credit account Lilies are automatically indented when the amount is entered. Do not indent indinually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit December 31, 2017