Holden Lighting has the following groups of inventory and net realizable value for its light fixtures: Cost NRV Ceiling Lights $23,500 $18, 100 Chandeliers 17,500 15,100 Table Lamps 19,300 21.800 Floor Lamps 16,000 19,400 Desk Lamps 8,700 6.200 Total Inventory $85,000 $89,600 Instructions (a) Determine the lower of cost and net realizable value of the ending inventory for Codify lighting, (b) Prepare the journal entry required, if any, to record the adjustments from cost to net realizable value