Levi Motor Company owns a luxury automobile that it has used as a demonstrator for eight months. The auto has a list or sticker price of \(\$ 85,000\) and cost Levi \(\$ 75,000\). At the end of the fiscal year, the auto is on hand and has an expected selling price of \(\$ 80,000\). Costs expected to be incurred to sell the auto include tune-up and maintenance costs of \(\$ 3,000\), advertising of \(\$ 1,000\), and a commission of \(5 \%\) of selling price to the employee selling the auto. Compute the amount at which the auto should be carried in inventory.