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 - $56,000 cost and $57,000 NRV, Product Y- $87,000 cost and $81,000 NRV, and Product Z- $22,000 cost and $21,000 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: $156,000 $165,000 $158,000 $159,000 $155,000