1. As a result of a physical inventory count, Palermo Ltd. determined that it had inventory of $120,000 on hand at December 31. This count did not take into consideration the following: a. Redshoe Inc. was holding goods worth $24,000 on its sales floor that it was selling on consignment for Palermo. b. Palermo purchased $10,000 of goods that were shipped on December 30, FOB shipping point and were expected to arrive January 3. c. Palermo sold goods that had a cost of $26,000 to Whiteshoe Inc. on December 30 with terms FOB destination. The goods are expected to be delivered January 2. d. Palermo purchased $18,000 of goods from Rosebud with terms FOB destination that were shipped on December 30. They are expected to arrive January 2. Indicate which of the following statements is correct (select as many as appropriate) a. Palermos ending inventory should be $156,000. b. The items held by Redshoe on consignment should not be included in Palermos yearend inventory number. c. The goods sold to Whiteshoe on December 30 should be included in Palermos yearend inventory number. d. Palermos ending inventory should be $180,000. e. Palermos ending inventory should be $198,000. f. The goods sold to Whiteshoe on December 30 should be excluded from Palermos yearend inventory number because the items are no longer in Palermos possession. g. The inventory purchased from Rosebud should not be included in Palermos December 31 inventory because it has not yet been received