The Kwik Company's inventory balance on December 31, 2024, was $215,000 (based on a 12/31/2024 physical count) before considering the following transactions: 1 Goods shipped to Kwik to.b. destination on December 20, 2024, were recelved on January 4, 2025. The invoice cost was $40.000 2 Goods shipped to Kwik fo b shipping point on December 28, 2024, were received on January 5, 2025. The invoice cost was $27,000 3. Goods shipped from Kwik to a customer to.b destination on December 27, 2024, were received by the customer ion January 3. 2025 The sales price was $50,000 and the inventory cost $32.000. 4. Goods shipped from Kwk to a customer to.b destination on December 26, 2024, were received by the customer on December 30,2024 . The sales price was $30,000 and the inventory cost $23,000 5 Goods shipped from Kwik to a customer to b. shipping point on December 28, 2024, were recelved by the customer on January 4,2025 . The sales price was $35,000 and the inventory cost $22,000. Required: Determine the correct inventory amount to be reported in Kwk's 2024 balance sheet