On January 1, 2021, the Coldstone Corporation adopted the LIFO retail inventory method. Beginning inventory at cost and at retail were $180,000 and $300,000, respectively. Suppose the retail values of inventory and the cost-to-retail percentages are as follows: Cost-to-retail % Retail value of inventory $375,000 $220,000 2021 12/31/2021 12/31/2022 65% 2022 66% What is the cost of inventory balance that Coldstone would report in its 12/31/2022 balance sheet? Multiple Choice (126450