Beta Corp. adopted the dollar-value LIFO retail method when it began operations in early 2019 (its base year). Beta Corp.'s beginning inventory for 2020 was $41,500 at cost and $77,500 at retail prices. At the end of 2020, it computed its estimated ending inventory at retail to be $131,000. Assuming its cost-to-retail ratio for 2020 transactions was 50%, what is the inventory balance that Beta Corp. would report in its 12/31/2020 balance sheet? Multiple Choice $77,500 O $69,750 O O $131,000. The inventory balance as of 12/31/2020 cannot be determined with the given information