The Kwok Company's inventory balance on December 31, 2018, was $250,000 (based on a 12/31/18 physical count) before considering the following transactions: . Goods shipped to Kwok f.o.b. destination on December 20, 2018, were received on January 4, 2019. The invoice cost was $47,000 2. Goods shipped to Kwok fo.b. shipping point on December 28, 2018, were received on January 5, 2019. The invoice cost was 3. Goods shipped from Kwok to a customer fo.b. destination on December 27, 2018, were received by the customer on January 3 4. Goods shipped from Kwok to a customer f.o.b. destination on December 26, 2018, were received by the customer on December 30, 5. Goods shipped from Kwok to a customer f.o.b. shipping point on December 28, 2018, were received by the customer on January 4 $34,000 2019. The sales price was $57,000 and the merchandise cost $39,000 2018. The sales price was $37,000 and the merchandise cost $30,000. 2019. The sales price was $42,000 and the merchandise cost $29,000 Required: Determine the correct inventory amount to be reported in Kwok's 2018 balance sheet. Correct inventory ance