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3 out of 3 points Question 11 As an audit intern working on the year-end cutoff issues for Meade Corporation, you verified the physical count of inventory as $455,000 on December 31, 2020. However, you were uncertain about the items below and have not taken them into account in the inventory totals: 1. $65,000 in Meade Corporation Inventory had been sent out for consignment to Freeze Corporation on December 28. 2. $35,000 in merchandise sold to customers FOB shipping point December 24 still had not reached customer on December 31, 3. $47.000 in merchandise purchased FOB shipping point was delayed due to construction on the trucking routo schedule and was not scheduled to arrive until January 15, 2021. After reviewing the details, what is the correct total inventory to report by Meade on its December 31, 2020 balance sheet? Question 12 O out of points Using the data set below relating to a periodic Inventory system, what entries are made on April 6 and April 12? No specific cost How method is assumed. Date Event Amount 1-Apr Beginning inventory 1,000 2-Apr Sales on account cost 8,000) 12.000 6-Apr Inventory purchases 2/10, 1/30 8,000 10-Aprinventory returns 1,000 12 Apr Freight paid 600 13-Apr Payments on account 2,500 30-Apr Actual inventory count 2,500