VIEW Student view as in Transit Se Exercise 8-6 (Static) Goods in transit (L08-2] The Kwok Company's vivento balance on December 31, 2021 wins $165odo brased on a 12012021 ptysical court) before consoring the following transactons 1. Goods supped to Kwok Tobention on December 20 2021, were recovod on January 4 2022. The invoice cost was $30,000 2. Goods shed to Kwoktob shipping point on December 28 2021 were received on Joruny 5,2022 The voice cont was $17.000 3. Goods hoped from Kwok too customer to be destination on December 27, 2021 were received by the customer on January 3 2022. The stes price was $40.000 and the merchandise cost $22.000 4 Goods noped trom Kwok to a customer to destination on December 26, 2021 were received by the customer on December 30, 2021. The si orice was $20000 and the merchandise cost $13.000 5. Goods shipped trom Kwok to customer fob shipping out on December 28,2021 were received by the customer on Jancialy 4 2022. The sees price was $25,000 and the merchandise cost 512.000 Required Determine the correct inventory amount to be reported in Kwoks 2021 belonce sheet Conde 20/01:38 16 40 here to search O RE E VO Gas