Farley Bains, an auditor with Nolls CPAs, is performing a review of Sheffield Company's Inventory account. Sheffield 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 $811.000. However, the following information was not considered when determining that amount Prepare a schedule to determine the correct inventory amount. If an amount reduces the account balance then enter with a negative sign preceding the number, eg-15,000, or parenthesis ea (15,000 Enter O if there is effect) 2 2 Ending inventory as reported included in the company's count were goods with a cost of $300.000 that the company i holding on consignment. The goods belong to Nader Corporation The physical count did not include goods purchased by Sheffield with a cost of $30,000 that were shipped FOB shipping point on December 28 and did not arrive at Sheffield's warehouse until January Included in the Inventory account was $18,600 of office supplies that were stored in the warehouse and were to be used by the company's supervisors and managers during the 4. The company received an order on December 29that was bowed and was sitting on the loading dock waiting pick-up on December 31. The shipper picked up the goods on January 1 and delivered them on January 6. The shipping terms were FOB shipping point. The gods hada selling price of $43,500 and a cost of $37.000 The goods were not included in the count because they were sitting on the dock Included in the count was $51,000 of goods that were parts for a machine that the company nes longer made. Given the high-technature of Sheffields products, it was ly