The Constance Corporation's inventory at December 31, 2021, was $128,000 (at cost) based on a physical count of inventory on hand, before any necessary adjustment for the following Merchandise costing $18,000, shipped fob shipping point from a vendor on December 27, 2021. was received by Constance on January 5, 2022. Merchandise costing $48.000 was shipped to a customer to.b shipping point on December 28, 2021, arrived at the customer's location on January 6, 2022 Merchandise costing $24,000 was being held on hand for Jess Company on consignment Esmated sales retums are 10% of annual sales Sales revenue was $556.000 with a gross profit ratio of 25% What amount should Constance Corporation report as inventory in its December 31, 2021, balance sheet