Basking Company adopted the dollar-value LIFO method in 2018. At December 31, 2018, ending inventory was $104,000, with a price index of 1.00, using dollar-value LIFO. At December 31, 2019, the ending inventory using FIFO is $122,000 and the price index is 1.18. Round all dollar amounts to the nearest dollar.Basking Company's ending inventory at December 31, 2019 on a dollar-value LIFO basis is ________.

$104,000

$103,390

$103,280

$122,000