6. International Paper adopted the dollar-value LIFO method on January 1, 2015. Its inventory on January 1, 2015 was $160,000. On December 31, 2015, the inventory at prices existing on that date amounted to $140,000. The price level at January 1, 2015 was 100 and the price level at December 31, 2015 was 112. Required. Compute the amount of the inventory at December 31, 2015, under the dollar-value LIFO method.