2 points ABC Corporation sellis just one product. At the end of fiscal year 2017. ABC applies the lower-of-cost or market (LCM) rule and write down the value of inventory from historical cost of $10,000 to current market Value of $9.700. Which of the following will result from this write-down? a Mastro's owners' equity decreases by $300. b. Mastro's total assets decrease by $300. Co Mastro's gross profit remains the same. d. Botha and bare true