Fisst Aank is concidering giving Oriole Company a loan. First, however, it decides that it would be a good idea to hure fur the discussions with Oriole's accountant. One area of particular concern is the inventory account, which has a Decenber 31 baianct of 5309,100. Discussions with the accountant reveal the following: 1. The physical count of the imentory did not indude goods that cont $104,500 that were shipped to Oriole. FOB shippire posit, on December 27 and were stili in transit at yeat thed 2. Oriole sold goods that cost $38.500 to ivanhoe Company. FOB destination, on December 28 . The goods are not expected to arive at their destiration in India until January 12 . The goods were not induded in the phyical inventory because they were not in the warehouse. 3. On December 31, Grouper Company had 533.550 of asoats held on consignment for Oriole. The goods were not included in Oriokes ending inventory balance. 4. Oriole recelved goods that cost 530,800 on Jancary 2. The goods were shipped FOH shipping point on December 20 to Shefteld Co. The goods were not included in the phylical count. Deteraine the cosrect imentory amount at Decernber 31