EG - TB First Bank and Trust is considering giving Johnson Company a loan . Before doing so, they* Determine the current decide that further discussions with Johnson's accountant may be desirable . One area of particu - at concern is the inventory account , which has a year- End balance of $25 5 Own . Discussions with* 150 1 1) the accountant reveal the following. 1 . Johnson received goods costing $2 2, 0^ on January 2. The goods were shipped FOR shipping point on December 26 by Look Co. The goods were not included in the physical count . ` The physical count of the inventory did not include goods costing $ 74, and that were shipped to Johnson FOR destination on December 2] and were still in transit at year-end. $ . . Johnson sold goods costing $47, ODD to Lane Company , FOR shipping point , on December 28` The goods are not expected to arrive at Lane until January 12. The goods were not included in the physical inventory because they were not in the warehouse . 1. Johnson sold goods costing $42. 0^ to Tony La, FOR destination , on December 30. The Loads were received at Toby on January &. They were not included in Johnson's physical Inventory . . Johnson received goods costing $47, and on January ? that were shipped FUR destination on December 24."The shipment was a rush order that was supposed to arrive December 31 . "This purchase was included in the ending inventory of $25 5, QUIT. Instructions Determine the correct inventory amount on December 3 1