In your audit of Steven Garcia Compary, you find that a physical imventory on December 31,2025, showed merchandise with a cost of $439,470 was on hand at that date, You also discover the following items were all excluded from the $439,470. 1. Merchandise of $57,370 which is held by Garcia on consignment. The consignor is the Max Suzuki Company. 2. Merchandise costing $38,090 wich was shipped by Garcia to.b destination to a customer on December 31, 2025. The customer was expected to receive the merchandise on January 6, 2026. 3. Merchandise costing $46,760 which was shipped by Garcia fo, 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 $85,260 shipped by a vendor fo.b. destination on December 30,2025 , and received by Garcia on January 4, 2026. 5. Merchandise costing $50,750 shipped by a vendor fo. b. shipping point on December 31,2025 , and received by Garcia on January 5, 2026. Based on the above information, calculate the amount that should appear on Garcia's balance sheet at December 31, 2025, for inventory, Inventory as on December 31, 2025 $