3 (8 points) Abe Company has three products in its inventory.Infomation about 31, 2000 follows: Product QuantyUna cost Replacement Unt eling 2,000 $12 15 20 cost $13 12 23 price S15 20 25 1,000 800 There is a 12 percent sales commission to dispose of inventory. The normal proft percentage for each product is 40 percent of the selling price a) Determine the balance sheet inventory carrying value at December 31, 2000 assuming the LCM rule is applied to individual products. (4 points) that Abe recognizes an inventory write-down as a separate income statement item, determine the amount of the loss. (4 points