6) Thex company adopted the dollar value LIFO retail method on January 1, 2018. At that time, their inventory had a cost of $123000 and a retail price of $205000. The price index was 1.00 as of January 1,2018. Shown below is inventory-related information for the years 2018 through 2020:

Year endLIFO cost

Inventorypercentage foryear-end

Yearat retailcurrent yearprice index

2018$239,80064%1.09

2019218,40068%1.12

2020269,10058%1.15

For each of three years indicated calculate the LIFO inventory amount that X would show on its balance sheet. Show all supporting calculations

LIFO inventory balance as of 12/31/2018

LIFO inventory balance as of 12/31/2019:

LIFO inventory balance as of 12/31/2020