QVTV, Inc. provided the following items in its notes to the financial statements for the year-end 2016: Cost of goods sold was $22.10 billion under FIFO costing and the inventory value under FIFO costing was $2.12 billion. The LIFO Reserve for year-end 2015 was $0.61 billion and at year-end 2016 it had increased to $0.81 billion. What is the LIFO inventory value at year-end 2016? $1.31 billion. $1.92 billion. $2.93 billion. $2.32 billion