20 Marks The ending inventory of Corner Store Inc. includes items which originally cost $10,000. These items have a market value of $11,000 and a net realizable value of $9,000 at year end. Accordingly, the inventory should be reported on the company's statement of financial position at: O A $11,000 O B. $10,000 OC. $9,000 OD. $9,500 (the average of $10,000 and $9,000). O E. Another amount that can only be determined by a physical count of the inventory at year end. re 2 9 of 20 Mar Ozak Company reported the following information for a recent year: gross sales, $196,500; sales returns and allowances, $3,700; sales discounts, $1,750 and shipping expenses, $1,400. Ozak's net sales would equal: O A $196,500 OB. $192,800 O C. $191,050 OD. $189,650 Unsure