Oliver & Co has been in business for fifteen years. During that time, the company has consistently used the LIFO inventory costing method Because of inflation, purchase prices for merchandise have increased consistency fifteen years The Company has maintained the same inventory quantities over the 15 years Which of the following statements is true for the company? a. The ending inventory amount reported on the balance sheet may be significantly lower than its current value b The company's total net income for the past 15 years is greater than it would have reported using another inventory method c. The company will have to continue to use the LIFO method indefinitely because of federal income tax rules. d The company will have paid more income taxes over the past 15 years than it would have if it had used the FIFO method