The selected data pertain to a company at 31 December 2003 as the following: Quick Assets $208,000 Quick ratio 2.6 to 1 Current ratio 3.5 to 1 Net sales for 2003 $1,800,000 Cost of good sold for 2003 $990,000 Average total assets for 2003 $1,200,000 The company's inventory balance at 31 December 2003 is ______.