On December 31, Pacific Trading Limited (PTL), a company which reports under IFRS, has two products in ifs warehouse, Product 1 and Product 2. Based on typical inventory turnover, the products in the warehouse are expected to be sold in January of the next year. The following information is available for each product: PTL has never previously impaired (written down) its inventory. REQUIRED 1. As of December 31, calculate the net realizable value (NRV) for each Product on: (a) a per-unit basis, and (b) a total basis (i.e. for all units of the Product). Insert your answers in the applicable parts of the following table. 2. As of December 31, calculate the "cost" on a total basis and insert your answers in the applicable parts of the following table. 3. As of December 31, how much should each Product of inventory be impaired (written down) on a total basis (not per-unit)