Thomas Company began operations in 2022. During the year, the company purchased direct materials costing $60,000. Thomas Company applies overhead to products using a pre-determined overhead rate equal to 60% of direct labor cost. During 2022, Thomas Company began work on three jobs. Information relating to these three jobs appears below: Job A-75 Job B-32 Job C-61 direct materials used ......... ??? $16,000 $11,000 direct labor cost ............. ??? ??? $25,000 By the end of 2022, Job B-32 and Job C-61 had been completed. Job A-75 was not completed by the end of 2022. Additionally, by the end of 2022, Job B-32 had been sold while Job C-61 was not sold. Additional information is provided below: 1. Thomas Company's work in process inventory at December 31, 2022 totaled $86,000. 2. Thomas Company sells its jobs to customers at a selling price of 50% above the cost to manufacture the job (i.e., there is a 50% markup on the cost of the job). 3. The cost of goods manufactured for 2022 totaled $123,000. 4. Thomas Company reported actual overhead cost for 2022 of $58,000. 5. Thomas Company's gross profit for 2022 was $41,000. Calculate the total amount of inventory reported in Thomas Company's December 31, 2022 balance sheet.