Ward distribution company has determined its december 31 inventory on a lifo basis at $200,000. information pertaining to that inventory follows: estimated selling price - $204,000estimated cost of disposal - 10,000normal profit margin - 30,000current replacement cost - 180,000ward records losses that result from applying the lower-of-cost-or-market rule. at december 31, the loss that ward should recognize isa. $6,000b. $14,000c. $0d. $20,000