In your audit of Anthony Walker Company, you find that a physical inventory on December 31, 2020, showed merchandise with a cost of $455,940 was on hand at that date. You also discover the following items were all excluded from the $455,940.

1.		Merchandise of $65,070 which is held by Walker on consignment. The consignor is the Max Suzuki Company.
2.		Merchandise costing $34,770 which was shipped by Walker f.o.b. destination to a customer on December 31, 2020. The customer was expected to receive the merchandise on January 6, 2021.
3.		Merchandise costing $47,070 which was shipped by Walker f.o.b. shipping point to a customer on December 29, 2020. The customer was scheduled to receive the merchandise on January 2, 2021.
4.		Merchandise costing $91,200 shipped by a vendor f.o.b. destination on December 30, 2020, and received by Walker on January 4, 2021.
5.		Merchandise costing $51,970 shipped by a vendor f.o.b. shipping point on December 31, 2020, and received by Walker on January 5, 2021.

Based on the above information, calculate the amount that should appear on Walkers balance sheet at December 31, 2020, for inventory.

Inventory as on December 31, 2020

Inventory as on December 31, 2020 ___________________________