Harlequin Company has used the dollar-value LIFO retail method since it began operations in early 2023 (its base year). Its beginning inventory for 2024 was $44,500 at cost and $68,500 at retail prices. At the end of 2024 , it computed its estimated ending inventory at retail to be $137,000. Assuming its cost-to-retail percentage for 2024 transactions was 50%, what is the inventory balance that Harlequin Company would report in its 12/31/2024 balance sheet? Multiple Choice $137,000 $61,650 $68,500 The balance cannot be determined with the given information