In your audit ofDonaldMartinCompany, you find that a physical inventory on December 31, 2020, showed merchandise with a cost of $399,450was on hand at that date. You also discover the following items were all excluded from the $399,450.

1.Merchandise of $61,320which is held byMartinon consignment. The consignor is the Max Suzuki Company.2.Merchandise costing $39,580which was shipped byMartinf.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 $42,890which was shipped byMartinf.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 $75,730shipped by a vendor f.o.b. destination on December 30, 2020, and received byMartinon January 4, 2021.5.Merchandise costing $52,310shipped by a vendor f.o.b. shipping point on December 31, 2020, and received byMartinon January 5, 2021.

Based on the above information, calculate the amount that should appear onMartin's balance sheet at December 31, 2020, for inventory.

Inventory as on December 31, 2020. $______