NOTE 3. INVENTORIES Finished goods Provision to reduce inventories to net realizable value...... Inventories. February 2, February 3, 2020 2019 (In thousands) $ 540,580 $ 420,931 (22,067) (16,089) $ 518,513 $ 404,842 The Company had net write-offs of $28.6 million, $25.3 million, and $16.4 million of inventory in fiscal 2019, fiscal 2018, and fiscal 2017, respectively for goods that were obsolete, had quality issues, or were damaged. a. At what amount would inventory be presented on the balance sheet for the year-ended February 2, 2020? 1 point b. What type of account would the "Provision to reduce inventories" represent? 1 point c. The footnote states "The company had net write-offs of 28.6 million...."; provide the journal entry that would have been recorded for the fiscal 2019 write off of 28.6 million. 2 points d. What is the impact of the write-off on the balance sheet equation? 1 points