Farley Bains, an auditor with Nolls CPAS, is performing a review of Sunland Company's Inventory account. Sunland 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-ed was $774,190. However, the following information was not considered when determining that amount. (a1) Prepare a schedule to determine the correct inventory amount. (Show amounts that reduce inventory with a negotive sign es -45 or parentheses es. (45)) 5. Included in the count was $47,600 of goods that were parts for a machine that the company no longer made. Given the high-tech nature of Sunland's products, it was unlikely that these obsolete parts had any other use. However, management would prefer to keep them on the books at cost. "since that is what we paid for them, after all," Correct inventory