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 f.o.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 involce cost was $27,000. 3. Goods shipped from KwIk to a customer f.o.b. destination on December 27, 2024, were recelved by the customer on January 3 , 2025 . The sales price was $50,000 and the inventory cost $32,000. 4. Goods shipped from Kwlk to a customer f.o.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 Kwlk to a customer f.o.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 KWIK's 2024 balance sheet