Information related to PBS Company's year-end inventory follows Current replacement cost Estimated selling price Current cost Normal profit margin $ 760 675 660 100 35 Estimated cost of disposal (CPA) You record losses that result from applying the lower-of-cost-or-market (LCM) rule. ANSWER THE FOLLOWNG FOUR QUESTIONS 1. What amount is the "floor for LCM purposes? 2. What amount should be used as designated market? 3. At what amount should inventory be reported in the financial statements? 4. What, if any, is the amount of the loss from applying LCM?