Powder Ski Shop reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory. Inventory Ski jackets Skis Quantity Unit Cost NRV 20 $ 99 $119 25 390 340 Calculate the total amount to be reported for ending inventory. Inventory Quantity Lower of Cost and NRV per unit Ending Inventory Ski jackets Skis Creative Technology reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year- end inventory. Inventory Optima cameras Inspire speakers Quantity 110 50 Unit Cost $76 46 NRV $46 56 Calculate the total amount to be reported for ending inventory. Inventory Quantity Lower of Cost and NRV per unit Ending Inventory Optima camera Inspire speakers Togo's Sandwiches acquired equipment on April 1, 2021, for $15,500. The company estimates a residual value of $1,500 and a five- year service life. Required: Calculate depreciation expense using the straight-line method for 2021 and 2022, assuming a December 31 year-end. 2021 2022 Depreciation expense