Looking for answer for both questions if possible.

The Sandman Company paid $100 for inventory it intended to sell for $150. Sandman received a $10 rebate from the vendor one month after purchase. However, due to a change in demand, the item's current market value is $95. What amount should be Inventory on the balance sheet, using the Lower-of-Cost-or-Market method? O a. $100 O b. $85 Oc $150 O d. $90 e. $95 Clear my choice The Gateway Company's physical inventory at 12/31 was $10,000. In addition, two in-transit items existed: A $350 item purchased from a vendor; FOB Shipping A $200 item sold to a customer, FOB Shipping The 12/31 Inventory for the balance sheet is: Select one: O a. $10,000 O b. $10,350 O c. $10,200 O d. $10,550 Oe. $10,150