12 Vestle Company took a physical inventory at December 31, 2019 and determined that 4,000,000 of goods were on hand. On December 29, the company had 1,000,000 of goods which were in transit. The goods were shipped f.o.b. shipping point and arrived on January 2, 2020. The company had also sold and shipped f.o.b. destination 200,000 worth of inventory on December 28. The goods arrived at the buyers place of business on January 4, 2020. Ching's December 31, 2019 statement of financial position will report inventory of 1. V5,600,000 2. V5.400.000 3. V5.000.000. 4. V5.200.000 5. None