5. On December 29. Concord shipped goods with a selling price of $74,000 and a cost of 60000 $68.000 to Macchia Sales Corporation FOB shipping point. The goods arrived on January 3. Macchia had only ordered goods with a selling price of $13,000 and a cost of $8,000. However, a sales manager at Concord had authorized the shipment and said that if Macchia wanted to ship the goods back next week, it could. 6. Included in the count was $47,000 of goods that were parts for a machine that the 33000 company no longer made. Given the high-tech nature of Concord's products, it was unlikely that these obsolete parts had any other use. However, management would prefer to keep them on the books at cost, "since that is what we paid for them, after all." 524000 Correct inventoryKari Downs, an auditor with Wheeler CPAs, is performing a review of Concord Company's inventory account. Concord did not have a good year, and top management is under pressure to boost reported income. According to its records, the inventory balance at year- end was $749,000. However, the following information was not considered when determining that amount. (a1) Prepare a schedule to determine the correct inventory amount. (If an amount reduces the account balance then enter with a negative sign preceding the number , e.g. -15,000, or parenthesis e.g. (15,000). Enter O if there is no effect.) th Ending inventory-as reported 749000 1. Included in the company's count were goods with a cost of $243.000 that the company is -243000 holding on consignment. The goods belong to Kroeger Corporation. 2. The physical count did not include goods purchased by Concord with a cost of $33.000 that were shipped FOB destination on December 28 and did not arrive at Concord warehouse until January 3. 3. Included in the inventory account was $15,000 of office supplies that were stored in the -15000 warehouse and were to be used by the company's supervisors and managers during the coming year. 4. The company received an order on December 29 that was boxed and sitting on the loading 33000 dock awaiting pick-up on December 31. The shipper picked up the goods on January 1 and delivered them on January 6. The shipping terms were FOB shipping point. The goods had a selling price of $45,000 and a cost of $33,000. The goods were not included in the count because they were sitting on the dock