The Kwok Company's inventory balance on December 31, 2016 was $225,000 (based on a 12/31/16 physical count) before considering the following transactions: 1. Goods shipped to Kwok f.o.b. destination on December 20, 2016, were received on January 4, 2017 The invoice cost was $42,000 2. Goods shipped to Kwok f.o.b. shipping point on December 28, 2016, were received on January 5, 2017 The invoice cost was $29,000 3. Goods shipped from Kwok to a customer f o b. destination on December 27, 2016, were received by the customer on January 3, 2017. The sales price was $52,000 and the merchandise cost $34,000. 4. Goods shipped from Kwok to a customer f o b destination on December 26, 2016, were received by the customer on December 30, 2016. The sales price was $32,000 and the merchandise cost $25,000 5. 5. Goods shipped from Kwok to a customer f.o.b. shipping point on December 28, 2016. were received by the customer on January 4 2017. The sales price was $37.000 and the merchandise cost $24,000. Determine the correct inventory amount to be reported in Kwok's 2016 balance sheet