The following data relates to inventory values for Lawrence Corp. for 2021 through 2023: at Cost at Net Realizable Value Inventory Value on 12/31/2021 $200,000 $200,000 Inventory Value on 12/31/2022 $225,000 $215,000 Inventory Value on 12/31/2023 $250,000 $230,000 If Lawrence uses a Loss account to record net realizable value in place of cost, the 2023 adjusting journal entry to reflect the application of the Lower of Cost or Net Realizable Value rule should include: a) A $10,000 credit to the Inventory account. b) A $20,000 credit to the Inventory account. c) A $30,000 debit to a Loss account. d) No adjusting journal entry is required as Net Realizable Value is lower than Cost.