Littleton Camera Shop Ltd. reports the following cost and net realizable value information for its inventory at December 31: Cameras: Units Unit Cost Unit NRV Kodak 4 $178 $162 Minolta 8 151 154 Light meters: Gossen 12 136 140 Sekonic 10 10 114 110 Prepare the adjusting journal entry required, if any, to record the lower of cost and net realizable value of the inventory assuming Littleton Camera Shop uses a perpetual inventory system. (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 account titles and enter O for the amounts. List debit entry before credit entry.) Date Dec. 31 Account Titles and Explanation Debit Credit