Porter Camera Shop Ltd, reports the following cost and net realizable value information for its inventory at December 31 : Determine the lower of cost and net realizable value of the ending inventory. Prepare the adjusting journal entry required, if any, to record the lower of cost and net realizable value of the inventory assuming Porter 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 o for the amounts. List debit entry before credit entry.) Porter Camera Shop Ltd, reports the following cost and net realizable value information for its inventory at December 31 : Determine the lower of cost and net realizable value of the ending inventory. Prepare the adjusting journal entry required, if any, to record the lower of cost and net realizable value of the inventory assuming Porter 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 o for the amounts. List debit entry before credit entry.)