Waterway, Inc. uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31. Units Cost per Unit Market per Unit Cameras un 5 $183 $174 Minolta Canon Light Meters 7 139 150 Vivitar 12 123 110 Kodak 10 119 146 What amount should be reported on Waterway, Inc's financial statements, assuming the lower-of-cost-or-market rule is applied? Amount reported on financial statements $