PoliciesCurrent Attempt in ProgressFirst Bank is considering giving Sunland Company a loan. First, however, it decides that it would be a good idea to have further discussions with Sunland's accountant. One area of particular concern is the inventory account, which has a December $31$ balance of $$264,140.$ Discussions with the accountant reveal the following:$1.$The physical count of the inventory did not include goods that cost $$89,300$ that were shipped to Sunland, FOB shipping point, on December $27$ and were still in transit at year end$\mathrm{.}2.$Sunland sold goods that cost $$32,900$ to Blossom Company, FOB destination, on December $28.$ The goods are not expected to arrive at their destination in India until January $12.$ The goods were not included in the physical inventory because they were not in the warehouse$\mathrm{.}3.$On December $31,$ Sarasota Company had $$28,670$ of goods held on consignment for Sunland. The goods were not included in Sunland's ending inventory balance$\mathrm{.}4$Sunland received goods that cost $$26,320$ on January $2.$ The goods were shipped FOB shipping point on December $26$ by Marigold Co$.$ The goods were not included in the physical count.Determine the correct inventory amount at December $31.$The correct cost of inventory is:Ending inventory$-$physical countAdjustments:$1.$inventory$$2.$winventory$3$ inventory$4.$v inventory$