Please answer ASAP

ABC Company has measured its December 31, 2020, inventory on a FIFO basis at $160,000. Information pertaining to that inventory follows: Item Amount Estimated selling price $128,000 Estimated cost of disposal 20,000 Normal profit margin 15,000 Current replacement cost 150,000 At December 31, 2020, what is the loss that ABC should recognize? Assume no previously recorded inventory losses. O $ 70,000 O $52,000 O $-0- O $ 40,000