Question #3 (3) At December 31, 2022, Mountain Company's inventory records indicated a balance of $632,000. Upon further investigation, it was determined that this amount included the following: $112,000 in inventory purchases made by Mountain shipped from the seller 12/27/22 terms FOB destination, but not due to be received until January 2 $74,000 in goods sold by Mountain with terms FOB destination on December 27. The goods are not expected to reach their destination until January 6 $6,000 of goods received on consignment from Dollywood Company Required: Calculate the correct balance to report for Mountain's inventory at December 31, 2022