Barrington Company must write down its inventory from its cost of $260,000 to its net realizable value of $248,000 at December 31, 2018. The inventory will all be sold in the year 2019. Which of the following provides a correct effect of the write-down? Select one: O A. The 2019 ending inventory increases by $12,000. O B. The 2018 gross profit decreases by $12,000. O C. The 2019 gross profit is not affected if the inventory is sold during 2019. OD. The 2019 cost of goods sold increases by $12,000