The Constance Corporation's inventory at December 31, 2021, was $126,000 (at cost) based on a physical count of inventory on hand, before any necessary adjustment for the following: Merchandise costing $16,000, shipped r.o.b. shipping point from a vendor on December 27 2021, was received by Constance on January 5, 2022 Merchandise costing $46,000 was shipped to a customer fo.b, shipping point on December 28, 2021. arrived at the customer's location on January 6, 2022 Merchandise costing $22,000 was being held on hand for Jess Company on consignment Estimated sales returns are 20% of annual sales. Sales revenue was $552,000 with a gross profit ratio of 30%. What amount should Constance Corporation report as inventory in its December 31, 2021, balance sheet? Multiple Choice $197.280. O $225,405. $227.280. O $181,280