Before adjustments, Star Company had an inventory balance of $250,000. The accountant is analyzing the following items and deciding if an adjustment needs to be made to arrive at the adjusted inventory balance: The inventory balance includes $2,500 of goods in Star's warehouse that is held on consignment for Diamond Company. The inventory balance does not include $4,000 of Star goods that are being held on consignment at Iron Enterprises. Star Company was unhappy with the quality of the inventory shipment they received on a recent purchase. After filing a complaint with the supplier, the supplier agreed to give an allowance of $1,000 to compensate for the unsatisfactory goods. Star Company retains the inventory and nothing related to the allowance has been recorded. The inventory balance includes $5,000 of inventory that was shipped to the customer FOB Shipping Point several days ago. The customer has not yet received the inventory. What is the correct adjusted inventory balance?