Instructions: As the accountant for Reding Corporation, state whether the goods in each of the following events should be included in Reding's inventory for the year ending June 30. Indicate yes or no. 1. Certain raw materials owned by Reding were at James Company for processing on June 30. 2. An order with cash was received from a customer on June 29 for goods. Reding shipped the goods to the customer on July 2. 3. Reding made advance payments of $3,000 to suppliers for goods ordered but not shipped or delivered until July. 4. On June 30, Reding shipped goods FOB destination to Willow Corporation, which received the goods on July 5. 5. On June 29, Bender Company shipped goods FOB shipping point to Reding. Reding received the goods on June 30 and the invoice on July 2. 6. Finished goods pledged as collateral for a 90-day loan from Country Bank were on hand on June 30. 7. Reding had certain goods on hand, for which it was acting as a selling agent for Swingline Company. 8. On June 26, Highlark shipped goods FOB destination to Reding. Reding received the invoice on June 30 and the goods on July 2. 9. On June 29, Springer Company shipped goods FOB shipping point to Reding. Reding received the invoice and goods on July 2. 10. On June 30, Reding sent goods to a consignee and prepaid the freight charges. The consignee received the goods on July 5