Lisali Company gathered the following information related to inventory that it owned on December 31, 2011: Historical cost $ 100,000 Replacement cost 95,000 Net realizable value 98,000 Normal profit margin 20 % -------------------------------------------------------------------------------- (a) Determine the amount at which Lisali should carry inventory on the December 31, 2011, balance sheet and the amount, if any, that should be reported in net income related to this inventory using U.S. GAAP. (Loss amounts should be indicated with a minus sign. Omit the "$" sign in your response.) U.S. GAAP IFRS Inventory ? ? Net income (loss)