In your audit of Garza Company, you find that a physical inventory on December 31, 2022, showed merchandise with a cost of $441,000 was on hand at that date. You also discover the following items were all excluded from the $441,000. 1. Merchandise of $61,000 which is held by Garza on consignment. The consignor is the Bontemps Company. 2. Merchandise costing $33,000 which was shipped by Garza f.o.b. destination to a customer on December 31, 2022. The customer was expected to receive the merchandise on January 6 , 2023. 3. Merchandise costing $46,000 which was shipped by Garza f.o.b. shipping point to a customer on December 29, 2022. The customer was scheduled to receive the merchandise on January 2 , 2023. 4. Merchandise costing $73,000 shipped by a vendor f.o.b. destination on December 30,2022 , and received by Garza on January 4,2023. 5. Merchandise costing $51,000 shipped by a vendor f.o.b, shipping point on December 31,2022 , and received by Garza on January 5, 2023. Required: Based on the above information, calculate the amount that should appear on Garza's statement of financial position at December 31, 2022, for inventory