The Kwok Company's inventory balance on December 31, 2018, was $235,000 (based on a 12/31/18 physical count) before considering the following transactions: 1. Goods shipped to Kwok f.o.b. destination on December 20, 2018, were received on January 4, 2019. The invoice cost was $44,000. 2. Goods shipped to Kwok fo.b. shipping point on December 28, 2018, were recelved on January 5, 2019. The invoice cost was 3. Goods shipped from Kwok to a customer f.o.b. destination on December 27, 2018, were received by the customer on January 3 2019. The sales price was $54,000 and the merchandise cost $36,000. 2018. The sales price was $34,000 and the merchandise cost $27,000 2019. The sales price was $39,000 and the merchandise cost $26,000 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 Required Determine the correct inventory amount to be reported in Kwok's 2018 balance sheet Correct inventory alance