A firm carries a commodity inventory at a cost of $342,000 and plans to sell it in 60 days. Its market value is currently $382,000. To hedge against a decline in value of the commodity, the company sells commodity futures for delivery in 60 days at a price of $382,000. There is no margin deposit. At the company's 2020 year-end, 30 days later, the 30-day futures price is $338,000 and the inventory value declined to $369,000. Income effects of the inventory and the futures are reported in cost of goods sold. At what amount is the inventory reported on the company's year-end balance sheet