In your audit of Henry Company, you find that a physical inventory on December 31, 2017, showed merchandise with a cost of $400,350 was on hand at that date. You also discover the following items were all excluded from the $400,350. 1. Merchandise of $63,540 which is held by Henry on consignment. The consignor is the Max Suzuki Company. 2. Merchandise costing $39,530 which was shipped by Henry f.o.b. destination to a customer on December 31, 2017. The customer was expected to receive the merchandise on January 6, 2018. 3. Merchandise costing $43,150 which was shipped by Henry f.o.b. shipping point to a customer on December 29, 2017. The customer was scheduled to receive the merchandise on January 2, 2018. 4. Merchandise costing $90,100 shipped by a vendor f.o.b. destination on December 30, 2017, and received by Henry on January 4, 2018. 5. Merchandise costing $50,500 shipped by a vendor f.o.b. shipping point on December 31, 2017, and received by Henry on January 5, 2018. Based on the above information, calculate the amount that should appear on Henrys balance sheet at December 31, 2017, for inventory.