At December 31, 2013, Stacy McGill Corporation reported current assets of $388,500 and current liabilities of $203,300. The following items may have been recorded incorrectly. 1. | | Goods purchased costing $22,170 were shipped f.o.b. shipping point by a supplier on December 28. McGill received and recorded the invoice on December 29, 2013, but the goods were not included in McGills physical count of inventory because they were not received until January 4, 2014. | 2. | | Goods purchased costing $14,800 were shipped f.o.b. destination by a supplier on December 26. McGill received and recorded the invoice on December 31, but the goods were not included in McGills 2013 physical count of inventory because they were not received until January 2, 2014. | 3. | | Goods held on consignment from Claudia Kishi Company were included in McGills December 31, 2013, physical count of inventory at $16,370. | 4. | | Freight-in of $7,230 was debited to advertising expense on December 28, 2013. | |