Ranger Company took a physical count of the inventory in its store and warehouse and the total amount of the count as of December 31, 2020 is $100,000. Additional information: Ranger has $20,000 of goods shipped on December 20, 2020 to Doe Company on consignment as of December 31st (be careful these consigned goods are not in Ranger's warehouse or store so they were not included in the physical count $100,000 amount). Ranger shipped $10,000 of goods FOB destination on December 28th to Brown Company. The goods reached Brown Company on January 5, 2021. Ring Company shipped $30.000 of goods to Ranger (Range is the buyer) on December 29th FOB shipping point. The goods reached Ranger on January 4, 2020. Ranger has $5,000 of goods held on consignment for Purple Company. These consigned goods from Purple were included in the physical count and are included in the $100,000 listed above. What is Ranger's correct December 31, 2020 inventory balance? Select one: $125,000 $160,000 $ 155,000 O $115,000 $70,000 O $100,000