Cullumber Distribution Co. has determined its December 31, 2017 inventory on a LIFO basis at $989000. Information pertaining to that inventory follows:

Estimated selling price	$1030000
Estimated cost of disposal	41000
Normal profit margin	121000
Current replacement cost	909000

Cullumber records losses that result from applying the lower-of-cost-or-market rule. At December 31, 2017, the loss that Cullumber should recognize is

$80000.

$0.

$42000.

$122000.