First Bank is considering giving Blossom Company a loan. First, however, it decides that it would be a good idea to have further discussions with Blossom's accountant. One area of particular concern is the inventory account, which has a December 31 balance of $278,000. Discussions with the accountant reveal the following: The physical count of the inventory did not include goods that cost $90,000 that were shipped to Blossom, FOB shipping point, on December 27 and were still in transit at year end. 2 . Blossom sold goods that cost $31,000 to Sunland, FOB destination, on December 28. The goods are not expected to arrive at their destination in India until January 12. The goods were not included in the physical inventory because they were not in the warehouse. 3. On December 31, Bramble had $29,000 of goods held on consignment for Blossom. The goods were not included in Blossom's ending inventory balance. 4. Blossom received goods that cost $27,000 on January 2. The goods were shipped FOB shipping point on December 26 by Ayayai. The goods were not included in the physical count. Determine the correct inventory amount at December 31