29 00:59:01 The Constance Corporation's Inventory on December 31, 2024, was $129,500 (at cost) based on a physical count of Inventory on hand, before any necessary adjustment for the following: Inventory costing $19,500, shipped f.o.b. shipping point from a vendor on December 27, 2024, was received by Constance on January 5, 2025. Inventory costing $49,500 was shipped to a customer f.o.b. shipping point on December 28, 2024, arrived at the customer's location on January 6, 2025. Inventory costing $25,500 was being held on hand for Jess Company on consignment. Estimated sales returns are 10% of annual sales. Sales revenue was $559,000 with a gross profit ratio of 25%. What amount should Constance Corporation report as Inventory In Its December 31, 2024, balance sheet? Multiple Choice $197,050 $195,425 $145,925 $165,425