At the beginning of the year, Bramble Shipping Ltd., a company that has a perpetual inventory system, had $68,200 of inventory. During the year, inventory costing $272,800 was purchased. Of this, $31,800 was returned to the supplier and a 5% discount was taken on the remainder. Freight costs incurred by the company for inventory purchases amounted to $3,260. The cost of goods sold during the year was $271,200. (a) Your answer is incorrect. Determine the balance in the Inventory account at the end of the year. Balance in the inventory account $