Company A took a physical inventory on December 31 and determined that goods costing $203,600 were on hand. Not included in the physical count were $25,420 of goods purchased from Company B, f.o.b. shipping point, and $22,520 of goods sold to Company C for $32,230, f.o.b. shipping point. Both the Company B purchase and the Company C sale were in transit at year-end. What amount should Company A report as its December 31 inventory? December 31 inventory $ (Do not include dollar sign and comma in your final answer)