The Constance Corporation's inventory on December $31,2024,$ was $$126,500($at cost$)$ based on a physical count of inventory on hand, before any necessary adjustment for the following:

Inventory costing $$16,500,$ shipped f$.$o$.$b$.$ shipping point from a vendor on December $27,2024,$ was received by Constance on January $5,2025.$

Inventory costing $$46,500$ was shipped to a customer f$.$o$.$b$.$ shipping point on December $28,2024,$ arrived at the customer's location on January $6,2025.$

Inventory costing $$22,500$ was being held on hand for Jess Company on consignment.

Estimated sales returns are $10\%$ of annual sales. Sales revenue was $$553,000$ with a gross profit ratio of $25\%.$

What amount should Constance Corporation report as inventory in its December $31$; $2024,$ balance sheet?

Multiple Choice

$$191,975$

$$145,475$

$$190,600$

$$161,975$