E-Efficiency Inc. sells three different types of home heating stoves (wood, gas, and pellet). The cost and net realizable value of its inventory of stoves are as follows at March 31, the company's year end: Wood Gas Pellet Total inventory Cost $250,000 84,000 112,000 $446,000 NRV $280,000 79,000 101,000 $460,000 (a) What amount should E-Efficiency report for its inventory on its statement of financial position? (b) Prepare any journal entry required to record the inventory at its proper value