3 Check my work 6 Exercise 8-6 (Algo) Goods in transit (LO8-2] 0.52 points eBook The Kwok Company's Inventory balance on December 31, 2021. was $190,000 (based on a 12/31/2021 physical count) before considering the following transactions: 1. Goods shipped to Kwok 1.0.b. destination on December 20, 2021. were received on January 4, 2022. The invoice cost was $35.000. 2. Goods shipped to Kwok f.o.b. shipping point on December 28, 2021, were received on January 5, 2022. The invoice cost was $22,000. 3. Goods shipped from Kwok to a customer fo.b. destination on December 27, 2021, were received by the customer on January 3, 2022. The sales price was $45,000 and the merchandise cost $27,000. 4. Goods shipped from Kwok to a customer f.ob. destination on December 26, 2021. were received by the customer on December 30, 2021. The sales price was $25.000 and the merchandise cost $18.000. 5. Goods shipped from Kwok to a customer fob shipping point on December 28, 2021. were received by the customer on January 4.2022. The sales price was $30,000 and the merchandise cost $17,000, Hint Print References Required: Determine the correct inventory amount to be reported in Kwok's 2021 balance sheet Correct inventory balance