Farley Bains, an auditor with Nolls CPAs, is performing a review of Splish Brothers Company's Inventory account. Splish Brothers 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 $858,400. However, the following information was not considered when determining that amount. 1. Included in the company's count were goods with a cost of $264,480 that the company is holding on consignment. The goods belong to Nader Corporation. 2. The physical count did not include goods purchased by Splish Brothers with a cost of $46,400 that were shipped FOB shipping point on December 28 and did not arrive at Splish Brothers's warehouse until January 3. 3. Included in the Inventory account was $19,720 of office supplies that were stored in the warehouse and were to be used by the company'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 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 goods had a selling price of $46,400 and a cost of $33,640. The goods were not included in the count because they were sitting on the dock. 5. Included in the count was $58,000 of goods that were parts for a machine that the company no longer made. Given the hightech nature of Splish Brothers'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." Prepare a schedule to determine the correct inventory amount