Question 9 1 pts The following inventory information was taken from the records of Globekom Ltd.: Historical cost $12,000 Replacement cost 8,000 Expected selling price 10,000 Expected selling cost 1,000 Normal profit margin 10% of selling price Under IAS 2, what should the balance sheet report for Inventory? $9,000 O $8,000 O $7,000 O $10,000