O4O-MEComent Question 7 Chap 7 Eseries etambeducation.com/evtap/index.htmltcon-confiexternal browser 0&laundUrl-http%253A%252F%252Fmumbeducation.com%252Fmghmiddlewar Academic Advang PO Basic Search Pro News Artic University of Farida Login fs to Get Rd Mic On 7 Exercise 7-8 (Static) Deducing Changes in Inventories [LO7-3] Parker Products, Incorporated is a manufacturer whose absorption costing income statement reported sales of $123 milion and a net operating loss of $18 million According to a CVP analysis prepared for management, the company's break-even point is $115 million in sales Required Assuming that the CVP analysis is correct, is it likely that the company's inventory level increased, decreased, or remained unchanged during the year? O Increased O Decreased O Remained unchanged