Data related to the inventories of Kuphal are presented below: Skateboards $44 $35 $15 $33 190 Snowboards $58 $37 $10 $40 140 Selling price Cost Costs tO sell Replacement cost Quantity Use the information in the table above to answer the following questions. In applyíng the lower of cost or net realizable value rule, what should Kuphal report as its inventory balance on its balance sheet? 3 points] Record Kuphal's adjusting entry for the inventory write-down, if any [3 points] Account ( Debit COGS Credit INVENTORY No Journal Entry Required