Genzal is a retail outlet for ladies fashion goods. At the year-end inventory on 31/12/2020, Genzal found that it had goods on hand that had cost $50,000. Genzal expects to sell half the inventory in 2021 for approximately $75,000, but the remainder of the goods is no longer fashionable and would have to be sold at clearance sale prices, realizing no more than $10,000. Assuming that the cost of each inventory item is the same, the inventory in the balance sheet as at 31/12/2020 would be valued at $25,000 $30,000 $35,000 $50,000 $60,000