E6-1 Premier Bank and Trust is considering giving Lima Company a loan. Before doing so, they decide that further discussions with Lima's accountant may be desirable. One area of particular concern is the inventory account, which has a year-end balance of $297,000. Discussions with the accountant reveal the following. Instructions Determine the correct inventory amount on December 31. (If answer is zero, please enter 0. Do not leave any fields blank. If amount is a decrease, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Ending inventory $ 1. Lima sold goods costing $38,000 to Comerica Company, FOB shipping point, on December 28. The goods are not expected to arrive at Comerica until January 12. The goods were not included in the physical inventory because they were not in the warehouse. 2. The physical count of the inventory did not include goods costing $95,000 that were shipped to Lima FOB destination on December 27 and were still in transit at year-end. 3. Lima received goods costing $22,000 on January 2. The goods were shipped FOB shipping point on December 26 by Galant Co. The goods were not included in the physical count. 4. Lima sold goods costing $35,000 to Emerick Co., FOB destination, on December 30. The goods were received at Emerick on January 8. They were not included in Lima's physicalinventory. 5. Lima received goods costing $44,000 on January 2 that were shipped FOB destination on December 29. The shipment was a rush order that was supposed to arrive December 31. This purchase was included in the ending inventory of $297,000. Correct inventory $