Part II rpool Company taken at December 31 reveals the following: Item Car audio equipment Units Cost per unit Market per unit Speakers Stereos Amplifiers Subwoofers 345 260 326 204 S98 100 95 41 $90 86 52 Security equipment Alarms Locks Cameras 480 291 212 150 93 310 125 84 322 Binocular equipment Tripods Stabilizers 185 170 70 97 84 105 1. Compute the lower of cost or market for the inventory above. Prepare the adjusting journal entry to record any reduction in the carrying value of the nventory. 2