The Kwik Company's inventory balance on December $31,2024,$ was $$175,000($based on a $\frac{12}{31}\frac{?}{2024}$ physical count$)$ before considering the following transactions:

Goods shipped to Kwik fo$.$b$.$ destination on December $20,2024,$ were received on January $4,2025.$ The invoice cost was $$32,000.$

Goods shipped to Kwik f$.$o$.$b$.$ shipping point on December $28,2024,$ were received on January $5,2025.$ The invoice cost was $$19,000.$

Goods shipped from Kwik to a customer f$.$o$.$b$.$ destination on December $27,2024,$ were received by the customer on January $3,2025.$ The sales price was $$42,000$ and the inventory cost $$24,000.$

Goods shipped from Kwik to a customer fo$.$b$.$ destination on December $26,2024,$ were received by the customer on December $30,2024.$ The sales price was $$22,000$ and the inventory cost $$15,000.$

Goods shipped from Kwik to a customer fo$.$b$.$ shipping point on December $28,2024,$ were received by the customer on January $4,2025.$ The sales price was $$27,000$ and the inventory cost $$14,000.$

Required:

Determine the correct inventory amount to be reported in Kwik's $2024$ balance sheet.

Correct inventory balance