Please answer ASAP

ABC Co. has determined its December 31, 2020 inventory on a LIFO basis at $1,060,000. Information pertaining to that inventory follows: Estimated selling price $920,000 Estimated cost of disposal 40,000 Normal profit margin 20,000 Current replacement cost 800,000 ABC records losses that result from applying the lower-of-cost-or-market rule. At December 31, 2020, the loss that ABC should recognize is $0 O O $200,000 O $300,000 O $100,000