2. The following information relates to the Choctaw Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2007 $ 70,000 100 December 31, 2008 88,200 105 December 31, 2009 70,120 116 December 31, 2010 80,000 120 Compute the ending inventory for each year using the dollar-value LIFO method. (10 points)