Exercise 6-02 Farley Bains, an auditor with Nolls CPAs, is performing a review of Sarasota Corp.'s Inventory account. Sarasota did not have a good year, and top management is under pressure to boost reported income. According to its records, the inventory balance at year-end was $771,550. However, the following information was not considered when determining that amount Prepare a schedule to determine the correct inventory amount. (Show amounts that reduce inventory with a negative sign or parenthesis e.g. -45 or parentheses e.g. (45).) Ending Inventory as reported $ 1. Included in the company's count were goods with a cost of $244.050 that the company is holding an consignment. The goods belong to Nader Corporation, 2. The physical count did not include goods purchased by Sarasota with a cast af $39,480 that were shipped For shipping point on December 28 and did not arrive at Sarasota's warehouse until January 3. 3. Included in the Inventory account was $18,54D of office supplies that were stored in the warehouse and were to be used by the cornpany's supervisors and managers during the coming year. 4. The company received an Order on December 29 that was boxed and was sitting on the loading dock awaiting pick-up an December 31. The shipaer picked up the goods on January 1 and delivered them on January 6. The shipping terms were FOB Shipping point. The goods had a selling price of $43,490 and a cost of $29,070. The goods were not included in the count because they were sitting on the dack. 5. Included in the count was $50, 100 of goods that were parts for a machine that the company no longer made. Given the high-tech nature of Sarasota's products, it was unlikely that these absolete parts had any other use. However, management would prefer to keep thern on the baoks at cost, "since that is what we paid for them, after