Cool Product Awareness, Inc. is in the process of trying to determine the dollar value of their inventory at the end of the year. They purchase all their inventory from a company called Shipping Co. Review of the accounting records shows the following items: In transit inventory of $50,000 shipped FOB Shipping Point from Shipping Co. on 12/31/17. The inventory arrived on 1/3/18. Inventory on hand of $100,000 in Cool Product's warehouse at 12/31/17. This number included $20,000 of inventory held on consignment from other businesses. In transit inventory of $25,000 shipped FOB Destination from Shipping Co. on 12/31/17. The inventory arrived on 1/4/18. What is the total value of inventory that should be reported on Cool Product's balance sheet at 12/31/17? O $155,000 O $175,000 O $100,000 O $130,000