Please answer every part of the question. Thank you!

Peterson Fumiture Deslgns is preparing the annual finandal statements dated December 31. Ending Inventory information about the five major items stocked for regular sale follows: Required: 1-a. Complete the table column "Write.Down per ltem" and then sum the final column 1-b. Compute the amount of the total write-down when the LCM/NRV rule is applied to each item. 2. Prepare the journal entry Peterson Furniture Designs would record on December 31 to witte down its inventory to LCMNRV. Complete this question by entering your answers in the tabs below. Complete the table column "Write-Down per Item" and then sum the final column. Compute the amount of the total write-down when the LCM/NRV rule is applied to each item. Prepare the joumal entry Peterson Fumiture Designs would record on December 31 to write down its inventory to LQM/NRV. (If no- entry s required for a transaction/event, select "No Joumal Entry Required" in the first account field.) Journal entry workshoat