! Required information [The following information applies to the questions displayed below.) Home Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end Inventory. Inventory Quantity Unit Cost Unit NRV Furniture 240 $ 89 Electronics 320 $104 54 440 3. Record any necessary adjustment to inventory (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the adjustment for inventory. ERAHA