Tatum Company has four products in its inventory. Information about the December 31, 2016, inventory is as follows: Total Net 2.5 points Total Realizable Cost Value 101 $136,000 $ 108,000 99,000 118,000 68,000 58,000 38,000 58,000 Product 102 103 104 Print References 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 Inventory Value Product Cost NRV 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. oss from write-down of inventory