QUESTION 4 Apling LONRV on December 31, 20X, King Company determined that merchandise that originally cost $46:300 was worth $43.500 at NRV. Early in 2014 the NRV of King Company's inventory unexpectedly increased to 547.500. the original credit to write down the inventory in 2013 wis to the inventory account what should King Company do in early 20X4 Make an entry to recognize a 1.200 gain, Make no entry and make no disclosure Make an entry to recognize a $4.000 recovery Make an entry to recognita 52.800 recovery Mano entry, but dose the loss in a note accompanying the financial statements