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 - $75,000 cost and $73,000 NRV, Product Y - $65,000 cost and $68,000 NRV, and Product Z - $26,000 cost and $24,000 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: O a. a. $164,000 b. $165,000 O c. $166,000 O d. $163,000 e. $162,000