Wildhorse Company's inventory of $$1,188,700$ at December $31,2025,$ was based on a physical count of goods

priced at cost and before any year$-$end adjustments relating to the following items.

$($a$)$ Goods shipped from a vendor f$.$o$.$b$.$ shipping point on December $24,2025,$ at an invoice cost of $$64,330$ to

Wildhorse Company were received on January $4,2026.$

$($b$)$ The physical count included $$31,420$ of goods billed to Sakic Corp. fo$.$b$.$ shipping point on December $31,$

The carrier picked up these goods on January $3,2026.$

What amount should Wildhorse report as inventory on its balance sheet?

Inventory to be reported $