Required information The following information applies to the questions displayed below] A company like Golf USA that sells goif-related inventory typically will have inventory items such as goif clothing and goif equipmient. As technology advances the design and performance of the next generation of drivers, the older models become lass marketable and therefore decline in value. Suppose that in the current year, Ping (a manufacturer of golf clubs) introduces the MegaDriver ili, the new and improved version of the MegaDriver. Below are year-end amounts related to Golf USA's inventory. 4. Dutermino the impact of the adjusting entry in the financial statements. (Amounts to be deducted should be entered with minus sign.)