At the beginning of the year, Crane Shipping Ltd., a company that has a perpetual inventory system, had $57,200 of inventory. During the year, inventory costing $228,800 was purchased. Of this, $26,800 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 $2,760. The cost of goods sold during the year was $227,200. (a) Determine the balance in the Inventory account at the end of the year. Balance in the inventory account \$ eTextbook and Media List of Accounts Attempts: unlimited