Below is a list of items related to merchandising transactions. a. Merchandise out on consignment. b. Merchandise purchased, in transit (shipped f.o.b. shipping point). c. Merchandise purchased, in transit (shipped f.o.b. destination). d. Merchandise held on consignment. e Merchandise sold, in transit (shipped f.o.b. destination). f. Merchandise sold, in transit (shipped f.o.b. shipping point). 8. Freight charges on goods purchased. h. Freight charges on goods sold. i. Merchandise sold by the merchandiser but where the merchandiser agreed to repurchase the merchandise at a certain price. 1. Merchandise sold where a 5% return is estimated. k Tariffs on imported merchandise inventory to be held for sale. 1. Restoration costs for merchandise inventory damaged by flood. Required For each item a through , indicate whether the item should be included in a year-end balance sheet as inventory or whether the item should be excluded from inventory. If the item should be excluded from inventory, indicate the proper accounting treatment