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Required information The following information applies to the questions displayed below.) 2 A company reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end Inventory Inventory Purniture Electronics Quantity 290 59 Unit Cont $94 490 Unit NRV $109 345 int int es 3. Record any necessary adjustment to inventory. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet Record the adjustment for inventory