Blossom Company uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31.UnitsCostper UnitMarketper UnitCameras Minolta 5 $161 $159Canon 8 131 160Light Meters Vivitar 12 120 106Kodak 9 112 145What amount should be reported on Blossom Company’s financial statements, assuming the lower-of-cost-or-market rule is applied?Total $enter a total amount in dollars