On April 1, Heavy Metal Corp. consigned 50 handcrafted benches to Disco Co. Heavy Metal's cost was $350 per bench. Total freight costs were $700, which were paid by Disco. On August 1, Heavy Metal received a cheque for $14,100 from Disco which included the following information:

 

Number of units sold: 20

Expenses deducted:

Freight: $700

Commission (20% of sales price) ?

Advertising $450

Delivery $290

 
The inventory of benches will be reported on whose statement of financial position and at what amount?