Ward Distribution Company has determined its December 31 inventory on a LIFO basis at $200,000. Information pertaining to that inventory follows: Estimated selling price $204,000 Estimated cost of disposal 10,000 Normal profit margin 30,000 Current replacement cost 180,000 Ward records losses that result from applying the lower-of-cost-or-market rule. At December 31, the loss that Ward should recognize is $20,000 $14,000 O $0 $6,000