On January 1, 2022, Badger Inc. adopted the dollar-value LIFO method. The inventory cost on this date was $100,000. The ending inventory, valued at year-end costs, and the relative cost index for each of the next three years is below: Year-end Ending inventory at year-end costs Cost Index 2022 $ 126,000 1.05 2023 137,500 1.10 2024 153,600 1.20 What inventory balance should Badger report on its 12/31/2023 balance sheet?