Blyth Traders are a well-established wholesale business operating in the north of England and south Scotland. Their trial balance for year ended 31" December 2021 is presented below: Dr [E] Cr [E] Non-current assets (cost): Plant and machinery 150.000 Vehicles 100,000 Premises 600,000 Accumulated depreciation (1-1-21): Plant and equipment 90.000 mawale 50.000 Premises 96,000 Sales 829,000 Sales returns 2,000 Purchases 335.000 15.000 Wages and salaries 114,000 Discounts allowed 4,500 Electricity costs 37,500 2,500 Vehicle maintenance 8.000 Advertising and marketing 14,000 Irrecoverable debts 3,000 Allowance for receivables Bank 19.200 Accounts payable 31.600 Accounts receivable 60,000 Inventory (1-1-21) 91,700 Drawings 60,000 Bank loan (10%) 150.000 Capital (1-1-21) 324,900 Carriage in 1,500 1.594,700 1.594.700 Additional notes: 1) Inventory at 31 December 2021 was valued at 94.000. However, on 4th January 2022 additional lines of inventory were uncovered that had not been included in the previous count. At cost this inventory would be valued at 5,000 but 50% of the items were damaged and would probably fetch 500 at auction. Auction fees would be 100. 2) Salary bill for Blyth is 10,000 per month 3) The electricity charge represents 15 months payment to 14 March 2022. 4) Blyth pays a local garage 800 per month for maintenance and fuel costs. Arrears to be settled by the end of the first week in 2022 5) The contract for advertising is with a newly established local company and Blyth has supported the company by settling the contract from 1st January 2021 up to the end of April 2022. 6) Blyth decides at the end of 2021 to double the allowance on receivables. 7) Blyth disposed of an item of plant in 2021 for 8,000. The plant had been purchased in 2018 at a cost of 40,000 (Blyth charges no depreciation in year of disposal). This transaction has not yet been recorded in the books of Blyth. 8) Depreciation rates are: Premises, straight line over 50 years Plant, 20% straight line - Vehicles, 50% reducing balance Z Ltd, a sports goods supplier, had closing inventory recorded on 30th September 2021 of 305,800. The following items were included in the count: i) 500 golf bags, which cost 90 and would normally sell for 200. Due to a manufacturing flaw they were sold early in the following year at 25% off normal selling price. ii) 1,000 tennis rackets costing 30 each. The rackets were found to have defective stringing which cost 10 to remedy. Selling expenses for the rackets amounted to 500 and they were finally sold for 35 each. Identify the correct inventory valuation for Z Ltd at 30th September, after taking into account the adjustments above