Reagan Corporation is a wholesale distributor of truck replacement ports. Initial amounts taken from Reagan's records areios follows: Additional Information: 1. Parts held by Reagan on consigriment from Charlle, amounting to $160,000, were included in the physical count of goods in Reagan's warehouse and in accounts payable at December 31 2. Parts totaling $23,000, which were purchased from Full and paid for in Decembec, were sold in the last week of the year and appropriately recorded as sales of $29,000. The parts were included in the physical count of goods in Reagan's warehouse on Decomber 31 because the parts were on the loading dock waiting to be picked up by customers. 3. Parts in transit on December 31 to customers, shipped f.o.b. shipping point on December 28 , amounted to $36.000. The customers received the parts on January 6 of the following year. Sales of \$42,000 to the customers for the parts were recorded by Reagan on January 2. 4. Retallers were holding goods on consignment from Reagan, which had a cost of $220,000 and a retall value of $260,000. 5. Goods were in transit from Greg to Reagan on December 31 . The cost of the goods was $26,000, and they were shipped to.b. shinninn moint in Naremher 70 shipping point on December 29 6. A freight bill in the amount of $2,100 specifically relating to merchandise purchased in December, all of which was still in the inventory at December 31. was recelved on January 3 . The freight bill was not included in elther the inventory or in accounts payable at December 31. 7. All the purchases from Baker occurred during the last seven days of the year. These items have been recorded in accounts payable and accounted for in the physical inventory at cost before discount. Reagan's policy is to pay involces in time to take advantage of all discounts, adjust inventory accordingly, and record accounts payable nef of discounts. Required: Complete the following schedule of adjustments to the initial amounts. (Amounts to be deducted should be indicated with a minus signn1