Blossom Company uses the FIFO method to cost its inventory. At December 31, 2025, prior to adjustment, the Finished Goods inventory balance was $33200 and the Cost of Goods Sold balance was $96200. The expected selling price was $40700. The company incurs selling costs of 25% of the expected selling price. If Blossom uses the cost of goods sold method to record write-downs of inventory, its 2025 financial statements will report Balance Sheet Inventory $33200 Inventory $40700 Inventory $33200 Inventory $30525 Income Statement Cost of Goods Sold $98875 Cost of Goods Sold $106375 Cost of Goods Sold $96200 Cost of Goods Sold $98875