Data related to the inventories of Alpine Ski Equipment and Supplies is presented below:

	Skis				Boots				Apparel				Supplies
Selling price	$	161,000			$	154,000			$	108,000			$	73,000
Cost		147,000				141,000				70,200				47,450
Replacement cost		115,000				115,000				116,000				43,450
Sales commission		10	%			10	%			10	%			10	%

In applying the lower of cost or net realizable value rule, the inventory of apparel would be valued at:

$116,000.

$99,640.

$97,200.

$70,200.