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Required Information Find Corp. Is a joint operation in which Seek Inc. has a 20% Interest. Seek reports its Investment in Find using proportionately adjusted financial statements. A contractual agreement gives Seek proportionate rights (20%) to all of Finds' assets and proportionate responsibilities (20%) for all of Find's liabilities. Seek uses the equity method to record Its Investment but has yet to make any journal entries related to its investment in Find for 2027. The financial statements of both companies as at December 31, 2027, are shown below. Seek Inc. Find Corp. NCOME STATEMENTS Sales $800,000 $200,000 Cost of sales 400.000 100.000 Other expenses 200.000 60.000 Net Income $200,000 $40,000 BALANCE SHEETS Miscellaneous assets $600.000 $300.000 Inventory 120,000 60,000 ivestment In Find 180.000 Total assets $900,000 $360.000 Miscellaneous liabilities $160,000 $80,000 Common shares 200,000 100,000 Retained earnings 540,000 180,000 Total llabilltles equity $900,000 $360,000 During 2027, Seek sold merchandise totaling $120,000 to Find and recorded a gross profit of 50% on these sales. At the end of 2027, Find's Inventory contained $30,000 worth of merchandise purchased from Seek. Find also owed Seek $50,000 for the merchandise at the end of 2027. Both companies are subject to a 40% tax rate. What Is the total amount of Inventory that would appear on Seek's proportionately adjusted balance sheet at December 31, 2027? Multiple Choice O $312,000 uarda