At the end of the fiscal year, Wheeler Construction has a non-cancellable purchase commitment for the purchase of 500,000 sheets of plywood at a price of $4.10 per sheet for delivery during the coming summer. The company prices its inventory at the ower of cost or market. If the market price for plywood sheets at the end of the year s $4.50, how would this situation be reflected in the annual financial statements? Record unrealized gains of $200,000 and disclose the existence of the purchase commitment. Only disclose the existence of the purchase commitment. Record revenues of $200,000 and disclose the existence of the purchase commitment. Record unrealized losses of $200,000 and disclose the existence of the purchase commitment