Determine whether each of the following actions in buying, selling or accounting for inventory is ethical or unethical. Give your reasons for each answer. 1. Garden Land studios applies the lower of cost or market rule to inventories. This value was excessively low for its ending inventories, below both cost and market. This action allowed the company to pay less income tax for the year 2016. 2. Emilia Sales Corp. delayed the purchasing of inventory until after Dec. 31 , 2012 to keep 2012's cost of goods sold from growing too large. The delay in purchasing inventory helped net income to reach the level of profits demanded by investors. 3. Dover Sales Company bought a large amount of inventory shortly before year end 2018 to increase LIFO cost of goods sold and decrease reported income for the year