Shetheld Decor did not have a good year, and top management is under pressure to boost reported incame. According to its records: the finventory batance at vesr end was $748.000, However, the following laformotion was not considered when determining that amount. Prepare a schedule to determine the correct irventory amount. (If an amount reduces the account balance then enfer with o negative sign preceding the number, es. 15,000, or parenthesis e.3. (15,000). Enter o if there is no effect.) Ending imentory as reported $ 1. Included in the company'scount were goods with a cost of $249,000 that the company is holding on conslignment. The goods belong to Krocger Compary. 2. The physical count did not include goods purchased by Sheifield with a cost of $45,000 the were shipped FoB destination on December 28 and did not arrive at Shelfield warehouse untitsandiary 3 3. Included in the inventory account was $15,000 of ofnce supplies that were stored in the warchouse and were to be used by the companv's supervisors and manugers during the coningere 4. The company received an order on December 29 that was boxed and sitting on the loading dock awaiting pick-up on December 31. The shipper picked up the goods on January 1 and delivered them on January 6 . The shipping terms were FOB shipping point. The goods had a selling price of $50,000 and a cost of $19,000. The goods were not included in the count because they were sitting on the dock. 5. On December 29 . Sheffield shipped g1.oods with a selling price of $78,000 and a cost of $60,000 to Macchia Company FOB shipping point. The goods arrived on January 3 Macchia had only ordered goods with a selling price of $13,000 and a cost of $8,000 However, a sales marager at Shetfeld had authorized the shipment and said that if Macchia wanted to ship the goods back next week, it could. 6. Included in the count was $30,000 of outdated products that were unilkely to be sold. Management determined that they had a net realizable value of $0. Correct inventory