Inventory that originally cost $11,200 was written down to its net realizable value of $9,400 at the end of 2017. At the end of 2018, the net realizable value is determined to be $11,700. At what amount should the inventory be reported on the December 31, 2018 statement of financial position? $9,700 O O $11,200 $11,700 $9,400