Oak Ridge Garden Supplies uses a perpetual inventory system. The company has these account balances at May 31 , 2021, prior to making the year-end adjustments: (Click the icon to view the account balarices.) (Click the icon to vlew additional information.) Data table Requirement 1. Prepare the company's 2021 income statement through gross profit to show how the company would apply the lower-of-cost-or-market rule to its inventories. Oak Ridge Garden Supplies uses a perpetual inventory system. The company has these account balances at May 31 , 2021, prior to making the year-end adjustments: (Click the icon to view the account balarices.) (Click the icon to vlew additional information.) Data table Requirement 1. Prepare the company's 2021 income statement through gross profit to show how the company would apply the lower-of-cost-or-market rule to its inventories