Astro Corp. sells just one product. At the end of fiscal year 2018, Astro applies the lower-of-cost-or market (LCM) rule and write down the value of irwentory from historical cost of $10.500 to current market value of $9,800. Which of the following will result from this write down? a. Mastro's owners equity decreases by $700. b. Mastro's total assets remain the same. c. Mastro's gross profit remains the same d. Both a and care true