Oriole Corporation had the following items in inventory as at December $31,2023$ Unit No$.$ Quantity Cost NRV $1354\mathrm{.}051702\mathrm{.}752\mathrm{.}451908\mathrm{.}509\mathrm{.}50$ D$3607\mathrm{.}55$ Assume that Oriole uses a perpetual inventory system, and that none of the inventory items can be grouped together for accounting purposes $)$ Prepare the year$-$end adjusting entry required to adjust to the lower of cost or net realizable value on an item$-$by$-$ item basis using the direct method$($Credit account titles are automatically indented when the amount is entered. Do not indent manuallyno entry required, select No Entry for the account titles and enter for the amountsList debit entry Prepare the yearend adjusting entry required to adjust to the lower cost net realizable value on an item item basis using the indirect methodCredit indented when the amount is enteredDo not indent manuallyno entry is select No Entry for the account titles and enter for the amountsList debit entry before$$credit$$entry