At December 31, 2012 Mower Company's inventory records indicated a balance of $652,000. Upon further investigation it was determined that this amount included the following:(1)$112,000 in inventory purchases made by Mower shipped from seller 12/27/12 terms FOB destination, but not due to be received until January 2nd. (2)$74,000 in goods sold by Mower with terms FOB destination on December 27th. The goods are not expected to reach their destination until January 6th. (3) $6000 of goods received on consignment from Dolly Company. What is Mower's correct inventory balance at December 31,2012?