Smith-MillerEnterprises has inventory of $657,000 in its stores as of December31 lt also has two shipments in-transit that left the suppliers' warehouses by December 28. Both shipments are expected to arrive on January 5. The first shipment of $128,000 was sold f.o.b destination and the second shipment of $76,000 was sold f.o.b. shipping point. What amount of inventory should Smith- Miller report on its balance sheet as of December 31? A T33,000 B.861,G00 ? 785,000 D. 657,000