Current Attempt in Progress Tri-State Bank and Trust is considering giving Lily Company a loan. Before doing so, management decides that further discussions with Lily's accountant may be desirable. One area of particular concern is the inventory account, which has a year- end balance of $302,000. Discussions with the accountant reveal the following. 1. Lily sold goods costing $37,000 2. The physical count of the invent 3. 4. Lily received goods costing $23 5. Lily sold goods costing $34,000 Lily received goods costing $43 Determine the correct inventory amount on December 31. Correct inventory SA