The Kwik Company's inventory balance on December 31,2024 , was $255,000 (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 received on January 4 , 2025. The invoice cost was $48,000. 2. Goods shipped to Kwik f.o.b. shipping point on December 28,2024 , were received on January 5 , 2025. The invoice cost was $35,000. 3. 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 $58,000 and the inventory cost $40,000. 4. Goods shipped from Kwik to a customer foo.b. destination on December 26, 2024, were received by the customer on December 30,2024 . The sales price was $38,000 and the inventory cost $31,000. 5. Goods shipped from Kwik to a customer f.o.b. shipping point on December 28,2024 , were received by the customer on January 4,2025 . The sales price was $43,000 and the inventory cost $30,000. Required: Determine the correct inventory amount to be reported in Kwik's 2024 balance sheet