At the beginning of the year, Marigold Shipping Ltd., a company that has a perpetual inventory system, had $53,900 of inventory. During the year, inventory costing $215,600 was purchased. Of this, $25,300 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 $2,610. The cost of goods sold during the year was $214,000. (a) Determine the balance in the Inventory account at the end of the year. Balance in the inventory account $