show all steps for A and B

Make sure to answer BOTH parts of the question below. Kaia Co is reviewing inventory at the end of the period. She sees the following cost and marketet realizable data at 12/31/2022. A. What, if any, is the amount of the lower cost or market adjustment? B. What is the journal ohitry to record the adjustment? Note: Make sure to format your entries properly, whether you are using a table or plain text entry