The Kwok Company's inventory balance on December 31, 2018, was $165,000 (based on a 12/31/18 physical count) before considering the following transactions 1. Goods shipped to Kwok tob destination on December 20, 2018 were received on January 4, 2019. The invoice cost was $30,000 2. Goods shipped to Kwok fo.bshipping point on December 28, 2018 were received on January 5, 2019. The invoice cost was $17.000. 3. Goods shipped from Kwok to a customer fo.b. destination on December 27 2018, were received by the customer on January 3, 2019. The sales price was $40,000 and the merchandise cost $22.000 4 Goods shipped from Kwok to a customer fo.b. destination on December 26, 2018, were received by the customer on December 30, 2018. The sales price was $20,000 and the merchandise cost $13.000 5. Goods shipped from Kwok to a customer fob shipping point on December 28, 2018, were received by the customer on January 4, 2019 The sales price was $25.000 and the merchandise cost $12.000 Required: Determine the correct inventory amount to be reported in Kwoks 2018 balance sheet, Contect inventory Lance +