The Kwok Company's inventory balance on December 31, 2021, was $200,000 (based on a 12/31/2021 physical count) before considering the following transactions: 1. Goods shipped to Kwok f.o.b. destination on December 20, 2021, were received on January 4,2022 . The invoice cost was. $37,000. 2. Goods shipped to Kwok f.o.b. shipping point on December 28, 2021, were received on January 5,2022 . The involce cost was $24,000 3. Goods shipped from Kwok to a customer fo.b. destination on December 27, 2021, were received by the customer on January 3, 2022 . The sales price was $47,000 and the merchandise cost $29,000. 4. Goods shipped from Kwok to a customer f.o.b. destination on December 26,2021 , were received by the customer on December 30 , 2021. The sales price was $27,000 and the merchandise cost $20,000. 5. Goods shipped from Kwok to a customer f.o.b. shipping point on December 28, 2021, were received by the customer on January 4 , 2022 . The sales price was $32,000 and the merchandise cost $19,000. Required: Determine the correct inventory amount to be reported in Kwok's 2021 balance sheet