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. $165,000 O b. $166,000 O c. $163,000 O d. $162,000 O e$164,000