The dollar-value LIFO method was adopted by King Corp. on January 1, 2012. Its inventory on that date was $160,000. On December 31, 2012 the inventory at prices existing on that date amounted to $151,200. The price level at January 1, 2012 was 112. Instructions: a)Compute the amount of the inventory at December 31, 2012, under the dollar-value LIFO method. b)On December 31, 2013, the inventory at prices existing on that date was $195,500, and the price level was 115. Compute the inventory on that date under the dollar-value LIFO method