The Kwok Company's inventory balance on December 31,2021 , was $165,000 (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 $30,000. 2. Goods shipped to Kwok f.o.b. shipping point on December 28,2021 , were received on January 5,2022 . The invoice cost was $17,000. 3. Goods shipped from Kwok to a customer f.o.b. destination on December 27, 2021, were received by the customer on January 3,2022 . The sales price was $40,000 and the merchandise cost $22,000. 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 $20,000 and the merchandise cost $13,000. 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 $25,000 and the merchandise cost $12,000. Required: Determine the correct inventory amount to be reported in Kwok's 2021 balance sheet