Presented below is information related to Renfeld, Inc.'s inventory on December 31, 2021: Stakes Torches Pitchforks 190 105 50 (Per unit) Cost Selling price Cost to sell Cost to complete 145 210 19 75 8 3 21 32 29 Required: Determine the net realizable value and carrying value each item under lower-of-cost-or-net-realizable-value. (Do not use $) Stakes Torches Pitchforks (Per unit) Net realizable value Lower-of- cost-or-n et-realiza ble-value Write the journal entry to reduce inventory from cost to LCNRV: (mark the credit amount as - or 0; do not indent for the credit entry) Credit Debit Date Account