On January 1, 2016, Badger Inc. adopted the dollar-value LIFO method. The inventory cost on this date was $103,000. The 2016 ending inventory, valued at year-end costs, was $119,600. The relative cost index for this inventory in 2016 was 1.04. Suppose that Badger's 2017 ending inventory, valued at year-end costs, was $132,000 and that the relative cost index for this inventory in 2017 was 1.10. In determining the inventory balance should Badger report in its 12/31/17 balance sheet: Multiple Choice An additional layer of $17,000 is added to the 1/1/17 balance. An additional layer of $16,500 is added to the 1/1/17 balance. An additional layer of $5,500 is added to the 1/1/17 balance. None of the above is correct