Farley Bains, an auditor with Nolls CPAs is performing a review of Concord Corporation's Inventory account. Concord Corporation 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 $784,000. 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 sin preceding the number, eg. 15,000, or parenthesis es. (15,000). Enter if there is no effect.) Ending inventory-as reported 1 Included in the company's count were goods with a cost of $287,000 that the company is holding on consignment. The goods belong to Nader Corporation 2. The physical count did not include goods purchased by Concord Corporation with a cost of $31,000 that were shipped FOB shipping point on December 28 and did not arrive at Concord Corporation's warehouse until January 3 3 3 Included in the Inventory account was $20,000 of office supplies that were stored in the warehouse and were to be used by the company's supervisors and managery, during the coming year 4 The company received an order on December 29 that was bored and was sitting on the loading dock awaitine pick up on December 31. The shipper picked up the goodson January Farley Bains, an auditor with Nolls CPAs is performing a review of Concord Corporation's Inventory account. Concord Corporation 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 $784,000. 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 sin preceding the number, eg. 15,000, or parenthesis es. (15,000). Enter if there is no effect.) Ending inventory-as reported 1 Included in the company's count were goods with a cost of $287,000 that the company is holding on consignment. The goods belong to Nader Corporation 2. The physical count did not include goods purchased by Concord Corporation with a cost of $31,000 that were shipped FOB shipping point on December 28 and did not arrive at Concord Corporation's warehouse until January 3 3 3 Included in the Inventory account was $20,000 of office supplies that were stored in the warehouse and were to be used by the company's supervisors and managery, during the coming year 4 The company received an order on December 29 that was bored and was sitting on the loading dock awaitine pick up on December 31. The shipper picked up the goodson January