The Kwok Company's inventory balance on December 31, 2018, was $265,000 (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 $50,000. 2. Goods shipped t o Kwok fo.b. shipping point on December 28, 2018, were received on January 5,2019. The invoice cost was $37,000 2019. The sales price was $60,000 and the merchandise cost $42,000. 2018. The sales price was $40,000 and the merchandise cost $33,000. 2019. The sales price was $45,000 and the merchandise cost $32,000. 3. Goods shipped from Kwok to a customer f.o.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, Required Determine the correct inventory amount to be reported in Kwok's 2018 balance sheet orrect inventory balanc s79,000