In your audit of Daniel Jackson Company, you find that a physical inventory on December 31, 2025, showed merchandise with a cost of $400,500 was on hand at that date. You also discover the following items were all excluded from the $400,500. 1. Merchandise of $55,100 which is held by Jackson on consignment. The consignor is the Max Suzuki Company. 2. Merchandise costing $38,440 which was shipped by Jackson f.o.b. destination to a customer on December 31, 2025. The customer was expected to receive the merchandise on January 6,2026. 3. Merchandise costing $50,010 which was shipped by Jackson f.o.b. shipping point to a customer on December 29,2025 . The customer was scheduled to receive the merchandise on January 2,2026. 4. Merchandise costing $79,190 shipped by a vendor f.o.b. destination on December 30,2025 , and received by Jackson on January 4,2026. 5. Merchandise costing $56,100 shipped by a vendor f.o.b. shipping point on December 31,2025 , and received by Jackson on January 5,2026. Based on the above information, calculate the amount that should appear on Jackson's balance sheet at December 31, 2025, for inventory