Picture Perfect Camera Shop is determining the lower of cost and net realizable value of its inventory. The following data are available at December 31: Units Unit Cost Net Realizable Value Cameras: Nikon 15 $675 $609 Canon 17 400 433 Lenses: Sony 22 144 124 Sigma 20 206 220 Determine the lower of cost and net realizable value of the ending inventory assuming Picture Perfect Camera Shop applies LCN RV to major categories of items. Lower of cost and net realizable value $ Prepare the journal entry required, if any, to record the adjustment from cost to net realizable value assuming Picture Perfect Camera Shop uses a perpetual inventory system. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Merchandise Inventory (To write down inventory to lower net realizable value.)