The Constance Corporation's inventory on December 31, 2024, was $130,500 (at cost) based on a physical count of inventory on hand, before any necessary adjustment for the following: - Inventory costing $20,500, shipped fo.b. shipping point from a vendor on December 27, 2024, was recelved by Constance on January 5, 2025 . - Inventory costing \$50,500 was shipped to a customer fo.b. shipping point on December 28, 2024, arrived at the customer's location on January 6. 2025. - Inventory costing $26,500 was being held on hand for Jess Company on consignment. - Estimated sales returns are 20% of annual sales. Sales revenue was $561,000 with a gross profit ratio of 30%. What amount should Constance Corporation report as inventory in its December 31, 2024, balance sheet? Multiple Choice $182.540 $235,665 $233.040 $203,040