QV-TV, Inc. provided the following items in its notes to the financial statements for the year-end 2016: Cost of goods sold was $22.80 billion under FIFO costing and the inventory value under FIFO costing was $2.26 billion. The LIFO Reserve for year-end 2015 was $0.68 billion and at year-end 2016 it had increased to $0.88 billion. What is the LIFO inventory value at year-end 2016?

$2.06 billion

. $1.38 billion

. $2.46 billion.

$3.14 billion.