Given the following inventory information, prepare the journal entry (if needed) to adjust the inventory for LCNRV if the loss method is used. (List debit entry before credit entry. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Replacement value $18,500 Cost $14,500 Expected selling price $16,000 Normal profit margin 12% Selling costs 20% of expected selling price