Using the data below record the entries for the decline in net realizable value for the Inventory under the following methods and systems: Beginning Inventory at lower of Cost or NRV Purchases at Cost Ending Inventory At Cost Ending Inventory at NRV Sales $ 211,000 $ 147,7005 208,000 $ 184,000$ 620,000 Determine the presentation of Cost of Goods Sold using the COST OF GOODS SOLD Method assuming the use of the PERIODIC system: 1.) Compute Cost of Goods Sold assuming use of the Cost of Goods Sold Method and Periodic System