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Stafford Corp. has $50,000 of inventory on December 31, 2020, when it adopts dollar value LIFO. On December 31, 2021, Stafford has $52,000 of inventory

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Stafford Corp. has $50,000 of inventory on December 31, 2020, when it adopts dollar value LIFO. On December 31, 2021, Stafford has $52,000 of inventory at 2021 prices, and the price index is 111. On December 31, 2022, Stafford has $58,000 of inventory at 2022 prices, and the price index is 114. What amount will Stafford report for inventory on its December 31, 2022 balance sheet

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