Kari Downs, an auditor with Wheeler CPAs, is performing a review of Swifty Company's inventory account. Swifty did not have a good year, and top management is under pressure to boost reported income. According to its records, the inventory balance at year-end was $747,000. However, the following information was not considered when determining that amount. (a1) Prepare a schedule to determine the correct inventory amount. (If an amount reduces the account balance then enter with a negative sign preceding the number, eg 15,000, or parenthesis eg. (15,000). Enter Oif there is no effect.) Ending irventory-as reported 1. Included in the company's count were goods with a cost of $244,000 that the company is holding on consignment. The goods belong to Kroeger Corporation. 2. The physical count did not include goods purchased by Swifty witha cost of $40,000 that were shipped FOB destination on December 28 and did not arrive at Swifty warehouse until January 3. 3. Included in the inventory account was $15.000 of office supplies that were stored in the warehouse and were to beused by the company's supervisors and managers during the coming year. 4. The company received an order on December 29 that was boxed and sitting on the loading dock awaiting pick-up on December 31 . The shipper picked up the goods on January 1 and delivered them on January 6 . The shipping terms were FOB shipping point. The goods had a selling price of $36,000 and a cost of $22.000. The goods were not included in the count because theywere sitting on the dock: 5. On December 29,5 witty shipped goods with a selling price of $80,000 and a cost of $65,000 to Macchia Sales Corporation FOB shipping point. The goods arrived on January 3 . Macchia had only ordered poods with a selling price of $12,000 and a cost of $8,000 However, a sales manager at 5 wifty had authorized the shipment and swid that if Machia wanted to ship the goods back next week it could. 6. Included in the count was $34,000 of goods that were parta for a michine that the company no longer made. Given the high tech nature of Swifty products. it was inlikely that these obsolete parts had any other use. However, nanagentent would prefer to keep them on the book at cost, "since that is what we paid for them, itter all