A retailer collected the following information about its inventories to apply the lower of cost and net realizable value in valuing its three products: Product X - $65,000 cost and $68,000 NRV, Product Y. $45,000 cost and $41,000 NRV, and Product Z - $105,000 cost and $98,000 NRV. After the retailer values its inventory at the lower of cost or net realizable value, the amount reported on the balance sheet would be: Select one: a $ 220,000 b. $ 215,000 c. $ 207.000 d. $ 204,000 e. $ 205,000