28. Bill's Farm Supply on-hand year-end (December 31) inventory is $225,000. The following items were in transit:

Merchandise totaling $4,000 shipped by the supplier FOB destination on December 31 was received by Bill's Farm Supply on January 4. It was not included in the above inventory figure.

Merchandise totaling $3,000 shipped by the supplier FOB shipping point on December 30 was received by Bill's Farm Supply on January 2. It was not included in the above inventory figure.

Merchandise totaling $7,000 shipped by Bill's Farm Supply to a customer FOB shipping point on December 31 was received by the customer on January 3. This merchandise was counted in the above inventory figure.

What is Bill's Farm Supply's corrected inventory balance on December 31?

$229,000

$221,000

$239,000

$233,000