Question 9 10 pts As a result of a physical inventory, Horace Company determined that it had inventory worth $300,000 at December 31, 2018. This count did not take into consideration the following facts: - Banks Consignment currently has goods worth $42,000 on its sales floor that belong to Horace but are for sale on consignment by Banks. - Horace purchased $25,000 of goods that were shipped on December 27,FOB destination that will be received by Horace on January 3, Horace sold $40,000 of goods that were shipped on December 30, FOB destination, that will be received by the customer on January 2 Determine the correct amount of inventory that Horace should report (show work for partial credit)