SLR Corporation has 700 units of each of its two products in its year-end inventory. Per unit data for each of the products are as follows Product1Product 2 Cost Replacement cost Selling price Selling costs Normal profit margin $60 58 80 16 20 $44 36 46 12 Determine the balance sheet carrying value of SLR's inventory assuming that the lower of cost or market (LCM) rule is applied to individual products. What is the before-tax income effect of the LCM adjustment? Complete this question by entering your answers in the tabs below Required1Required 2 Determine the balance sheet carrying value of SLR's inventory assuming that the lower of cost or market (LCM) rule is applied to individual products Per Unit Inventory Value r of Cost or Market Product Cost Market Unit Cost 700 700 2 25,200 Cost Inventory value Required 1Required 2 What is the before-tax income effect of the LCM adjustment? Before-tax income effect KRequired 1 Required 2