Shamrock Home Improvement Company installs replacement siding, windows, and louvered glass doors for single-family homes and condominium complexes. The company is in the process of preparing its annual financial statements for the fiscal year ended May 31, 2025. Jim Alcide, controller for Shamrock, has gathered the following data concerning inventory. At May 31, 2025, the balance in Shamrock's Raw Materials Inventory account was $452,880. Alcide summarized the relevant inventory cost and market data at May 31, 2025, in the schedule below. Alcide assigned Patricia Devereaux, an intern from a local college, the task of calculating the amount that should appear on Shamrock's May 31, 2025, financial statements for inventory under the lower-of-cost-or- market rule as applied to each item in inventory. Devereaux expressed concern over departing from the historical cost principle. Consider the following expanded data at May 31, 2025. Assume Shamrock uses LIFO inventory costing. Replacement Net Realizable Cost Cost Sales Price Value Normal Profit Aluminum siding $77,700 $69,375 $71,040 $62,160 $5,661 Cedar shake siding 95,460 88,134 104,340 94,128 8,214 Louvered glass doors 124,320 137,640 206,904 186,813 20,535 Thermal windows 155,400 139,860 171,828 155,400 17,094 Total $452,880 $435,009 $554,112 $498,501 $51,504 (a1) Determine the write-down, if any, to reduce inventory to market at May 31, 2025. Inventory loss $ 3552 (a2) For the fiscal year ended May 31, 2025, prepare the entry to record the decline in inventory to market, if any, using the loss method. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation May 31 Allowance to Reduce Inventory to Market inventory Debit 3552 Credit 3552