Recording Inventory at Lower of Cost or Net Realizable Value The records of Locen Company show the following imventory dota. Record the journal entry required for esch year, Year 1 through Year 6 , to apply the lower of cost or net realizable yalue rule to inventory assuming that the company adjusts imventory through the allowance account and adjusts equity through cost of goods sold. Assume that the allowsnce is only adjusted at the end of the year and that for each year, all of the beginning inventory is sold by the end af the year. - Note: if a journal entry isn't required on any of the dates shown, select "N/A-debit" and "N/A-Credit" as the account names and leove the Dr. and Cr. answers blank. (tero)