Check my work 5 The December 31, 2018, year-end inventory balance of the Raymond Corporation is $248,000. You have been asked to review the following transactions to determine if they have been correctly recorded 10 points 1. Goods shipped to Raymond f.o.b. destination on December 26, 2018, were received on January 2, 2019. The 2. At year-end, Raymond held $33,000 of merchandise on consignment from the Harrison Company. This 3. On December 29, merchandise costing $7,900 was shipped to a customer f.o.b. shipping point and arrived at the 4. At year-end, Raymond had merchandise costing $34,000 on consignment with the Joclyn Corporation. The invoice cost of $49,000 is included in the preliminary inventory balance. merchandise is included in the preliminary inventory balance. customer's location on January 3, 2019. The merchandise is not included in the preliminary inventory balance. merchandise is not included in the preliminary inventory balance. Print References Required: Determine the correct inventory amount to be reported in Raymond's 2018 balance sheet. Correct inventory balance This is a numeric cell, so please enter numbers only