Sage Hill Bank and Trust is considering giving Pohl Company a loan. Before doing so, it decides that further discussions with Pohl's sccountant mixy be desirable. One area of particular concern is the Inventory account, which has a year-end balance of $242,000, Discussions with the accountant reveal the following. 1. Pohl shipped goods costing $48,400 to Hemlock Company FOB shipping point on December 28 . The goods are not expected to reach Hemlock until January 12. The goods were not included in the physical inventory because they were not in the whrehouse. 2. The physical count of the inventory did not include goods costing $96,900 that were shipped to Pohl FOB destination on December 27 and were still in transit at year-end. 3. Pohl received goods costing $22,000 on January 2 . The ioods were shipped FOB shippirg point on December 26 by Yanice Co. The goods were not included in the physical count: Cinada on January B. They were not included in Pohl's physical inwentory. 5. Pohl received goods costing $36.960 on January 2 that were shipped FOB destination on December 29. The shipment was a rush order that was supposed to arrive December 31 . This purchase was included in the ending irventory of $2,42,000. Determine the correct inventory amount on December 31. Correct inventory on December 31 5