In an annual audit of Concord Company Limited, you find that a physical inventory count on December 31,2023 , showed merchandise of $449.000. You also discover that the following items were excluded from the $449.000. 1. Merchandise of $61,100 is held by Concord on consignment from BonBan Corporation. 2. Merchandise costing $32,400 was shipped by Concord to.b. destination to XYZ.td on December 31, 2023. This - merchandise was accepted by XYZ on january 6. 2024. 3. Merchandise costing S45. 300 was shipped fob, shippins point to ABC Compony on December 29. 2022 . This merchandise was received by ABC on Jaruary 10, 2024. 4. Merchandise costing 573,400 was shipped fob, destination from Wholesaler inc, to Concord on December 30,2023 Concord received the items on January 3.2024, 5.. Merchandise costing \$52.100 was shipped by Distributor tta. tab. shipping point an Decernher 30,2023 , and recehed at Concord's othee on January 2, 2024. 6. Concord had exces inventory and incurred an additional $1.540in storage costs due to delayed shiphnent in transaction in above. 7. Concord incurred $2,080 for interest expense on inventoryit purchased through delayed payment plans in fucal 2023 Ia) Hased on the information prowided abave. calculate the amount of imventary that should appear on Concerdis December 32 20ea SrP: Amount of imentary 3