Return to question 10 2.5 points 2 00:40:23 The Kwok Company's Inventory balance on December 31, 2021 was $190,000 (based on 12/312021 physical count before considering the following transactions 1. Goods shipped to Kwok to.b. destination on December 20, 2021, were received on January 4, 2022. The invoice cost was $35.000 2. Goods shipped to Kwok fob shipping point on December 28, 2021, were received on January 5, 2022. The invoice cost was $22,000. 3. Goods shipped from Kwok to a customer to b. destination on December 22, 2021 were received by the customer on January 2022. The sales price was $45.000 and the merchandise cost $27.000 4. Goods shipped from Kwok to a customer to.b. destination on December 26, 2021 were received by the customer on December 30 2021. The sales price was $25,000 and the merchandise cost 18.000 5. Goods shipped from Kwok to a customer to be shipping point on December 28, 2021. were received by the customer on January 4, 2022. The sales price was $30.000 and the merchandise cost $17,000 Required Determine the correct inventory amount to be reported in Kwok 2021 balance sheet Answer is complete but not entirely correct. Correct wer for $ 274,000