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 $57,100 NRV, Product Y $24,000 cost and $25,000NRV, and Product Z - $98,000 cost and $92,000NRV. 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. $178,000 b. $165,000 c. $171,000 d. $172,000 e. $166,000