A physical count of Irick Company's valued the December $31,2025$ inventory on hand at $$990,000.$ Irick Company had the following additional information at December $31,2025$ :

Inventory Amount

Merchandise out on consignment at sales price

$($including markup of $40\%$ on selling price$)$ $$60,000$

Goods purchased, in transit $($shipped f$.$o$.$b$.$ shipping point$)48,000$

Goods held on consignment by Irick $62,000$

Based on the above information, the ending inventory value at December $31,2025,$ should be decreased by

$$85,600.$

$$86,000$

$$98,000.$

$$134,000.$