Waterway Camera Shop Inc uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31 Net Realizable Value * Cost per Unit Units per Unit 5 8 $184 154 $147 162 Cameras Minolta Canon Light Meters Vivitar Kodak 12 114 109 104 127 9 What amount should be reported on Waterway Camera Shop's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? Total $ Question 1 Financial information is presented below: Operating expenses Sales returns and allowances Sales discounts Sales tease Cost of goods sold $ 45,000 3,000 7,000 160.000 96,000 The pro margin would be