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The Kwik Company's inventory batance on December 31,2024 , was $185,000 (based on a 12/31/2024...

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The Kwik Company's inventory batance on December 31,2024 , was $185,000 (based on a 12/31/2024 physical count) before considering the following transactions: 1. Goods shipped to Kwik to.b, destination on December 20, 2024, were recelved on January 4, 2025. The involce cost was $34,000. 2. Goods shlpped to Kwik Lob, shlppling point on December 28, 2024, were recelved on January 5, 2025. The involce cost was $21,000. 3. Goods shlpped from Kwik to a customer fo.b. destination on December 27, 2024, were received by the customer on January 3 , 2025 . The sales price was $44,000 and the inventory cost $26,000. 4. Goods shipped from Kwik to a customer fo.b, destination on December 26, 2024, were recelved by the customer on December 30,2024 , The sales price wos $24,000 and the inventory cost $17,000. 5. Goods shipped from Kwik to a customer to.b. shipping point on December 28, 2024, were recelved by the customer on January 4, 2025, The sales price was $29,000 and the inventory cost $16,000. Required: Determine the correct inventory amount to be reported in KwlK's 2024 balance sheet

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