On December 31, 2017, Pacer Co. adopted the dollar-value LIFO retail inventory method. Inventory data for 2018 are as follows: Cost Retail Inventory, 1/1/17 $ 147,000 $ 203,000 Purchases 833,000 1,155,000 Additional markups 42,000 Available for sale $980,000 $1,400,000 Sales for the year totaled $1,250,000. Markdowns amounted to $10,000. Under the lower-of-cost-or-market method, Kohl's inventory at December 31, 2017 was

$98,000.

$112,000.

$105,000.

$294,000.