On January 1, 2024, a company adopted the dollar-value LIFO method. The inventory cost on this date was $101,900. The ending inventory, valued at year-end costs, and the relative cost index for each of the next three years is below: Year-End Ending Inventory at Year-End Costs Cost Index 2024 $ 131,985 1.05 2025 151,360 1.10 2026 161,580 1.20 What inventory balance should the company report on its 12/31/2024 balance sheet?

$125,700

$131,700

$126,890

$101,900