In your audit of Kevin Hall Company, you find that a physical inventory on December 31, 2020, showed merchandise with a cost of $400,580 was on hand at that date. You also discover the following items were all excluded from the $400,580. 1. Merchandise of $58,240 which is held by Hall on consignment. The consignor is the Max Suzuki Company. 2. Merchandise costing $40,130 which was shipped by Hall 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 $50,570 which was shipped by Hall 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 $89,290 shipped by a vendor f.o.b. destination on December 30,2020 , and received by Hall on January 4,2021. 5. Merchandise costing $48,260 shipped by a vendor f.o.b. shipping point on December 31,2020 , and received by Hall on January 5, 2021. Based on the above information, calculate the amount that should appear on Hall's balance sheet at December 31 , 2020, for inventor Inventory as on December 31,2020 \$