Use the following information to answer Questions 18 and 19. Salmon Company adopted the dollar value LIFO retail inventory method of inventory valuation on December 31 of Year 1. Inventory balances, cost ratios, and price indices are provided below SALMON COMPANY INFORMATION AVAILABLE TO APPLY DV LIFO RETAIL INVENTORY METHOD Ending Inventory at Retail Price Index on This Date Cost Ratio For This Year Dec. 31, Year 1 Dec. 31, Year 2 Dec. 31, Year 3 240,000 275,000 300,000 100 110 120 0.6500 0.6750 0.6200 Salmon Company's ending inventory as of December 31, Year 2, computed by the dollar value LIFO retail method was: (a) $163,425. (b) $251,000. (c) $179,625. (d) $185,625 18. Salmon Company's ending inventory as of December 31, Year 3, computed by the dollar value LIFO retail method was: (a) $192,000 (b) $251,000. (c) $162,200 (d) S163,425. 19. Plant assets purchased on long term credit contracts should be accounted for at the: (a) Total value of the future payments. 20. (b) (c) (d) Present value of the future payments. Future amount of the future payments. Appraised value of the equipment by a qualified appraiser