Required information M7-15 Preparing the Journal Entry to Record Lower of Cost or Market/Net Realizable Value (LCM/NRV) Adjustment [LO 7-4] [The following information applies to the questions displayed below.] During fiscal 2014, Respberry, Inc. wrote down its RB10 smartphone inventory by approximately $1,692,000,000 because its cost exceeded its net realizable value. 7-15 Part 1 quired: Complete the table below, indicating the account, amount, and direction and show the effects for the above adjustment. (Enter any decreases to account balances with a minus sign.) ssets Liabilities Stockholders' Equity