A physical count of Flounder Companys inventory at year-end determined that inventory on hand had a value of $1,635,000. Upon further investigation, it was determined that this amount included the following:

1. An inventory purchase of $52,100 made by Flounder shipped from Sunland Company on December 28 with terms FOB destination, but not due to be received until January 3.
2. Goods shipped to a customer with a cost of $71,800 with terms FOB destination on December 29, but not expected to reach their destination until January 3.
3. Goods shipped to a customer with a cost of $54,800 with terms FOB shipping point on December 30, but not expected to reach their destination until January 5.
4. Goods held on consignment from Florence Company with a cost $16,400.

Compute the amount that should be reported for inventory on Flounder Companys balance sheet at December 31, 2022.

Balance sheet