Rowan Company has four different categories of inventory. The quantity, cost, and market value for each of the inventory categories are as follows: Item Quantity Cost Per Unit Market Value Per Unit 1 220 $ 4.40 $ 4.60 2 130 $ 6.20 $ 6.00 3 100 $ 10.00 $ 9.25 4 25 $ 20.50 $ 19.00 The company carries inventory at lower-of-cost-or-market applied to the entire stock of inventory in the aggregate. How would the implementation of the lower-of-cost-or-market rule impact the elements of the companys financial statements? a. Have no effect on total assets or stockholders equity. b. Decrease total assets and stockholders equity by $94.50. c. Increase total assets and stockholders equity by $94.50. d. Decrease total liabilities and stockholders equity by $94.50.