Question 29 45 pts You are comparing the financial statements of two competitors in the retail business - American Eagle and Abercrombie & Fitch. American Eagle uses the LIFO method of inventory valuation, whereas Abercrombie uses the FIFO method. The following are excerpts from American Eagle's 2020 comparative financial statements. 12/31/2020 12/31/2019 Balance Sheet inventories $1,200 $1,050 LIFO reserve 450 300 4,500 5,250 Cost of goods sold You know that to make comparisons, you must adjust American Eagle numbers to what they would have been had they used FIFO. What adjusted amount should you use to compare American Eagle cost of goods sold to Abercrombie cost of goods sold for the year ending 12/31/2020? O a. $5,250 O b. $5,100 O c. $5,400 O d. $4,800 O e. $5.700