Tatum Company has four products in its inventory. Information about the December 31, 2016, inventory is as follows:

Product	Total Cost			Total Net Realizable Value
101	$	136,000	$	108,000
102		99,000		118,000
103		68,000		58,000
104		38,000		58,000

Required:
1.	Determine the book value of inventory at December 31, 2016, assuming the lower of cost and net realizable value rule is applied to individual products. product-cost-NRV-Inventory Value 101 102 103 104

2.	Assuming that Tatum reports an inventory write-down as a line item in the income statement, determine the amount of the loss.