On December 31, 2020, Knight Enterprises had inventory with a historical cost of $4,000,000. Knight performed the Lower of Cost or Market analysis and determined that the market value of the inventory was $3,800,000. This will result in... O A. An increase in the current ratio OB. A Debit to Inventory Loss of $200,000 and a Credit to Inventory OC. A Debit to Cost of Goods Sold of $200,000 and a Credit to Inventory D. No journal entry