Sunland Style, a division of Sanibel Inc., manufactures three models of boat seat components that are sold to speed boat manufacturers, retailers, and catalog outlets. Since beginning operations in 1983 , Sunland has used normal absorption costing and has assumed a first-in, first-out cost flow in its perpetual inventory system. The balances of the inventory accounts at the end of Sunland's fiscal year, April 30, 2025, are show below. The inventories are stated at cost before any year-end adjustments. The following information relates to Sunland's imentory and operations: 1. The finished goods imventory consists of the items analyzed below. 2. Three-quarters of the seat cushion finished goods inventory is held by catalog outlets on consignment. 3. One-half of lumbar support finished goods inventory has been pledged as collateral for a bank loan. 4. Sixty percent of the raw materials balance represents electronic control units acquired at a contracted price 40 percent above the current market price. The market value of the rest of the raw materials is $111,500. 5. The total market value of the work in process inventory is $86,400. 6. Included in the cost of factory supplies are obsolete items with an historical cost of $6,700. The market value of the remaining factory supplies is $40,400. 7. Sunland applies the LCNRV method to each of the three types of seat components in finished goods inventory. For each of the other three inventory accounts, Sunland applies the lower-of-cost- or-market method to the total of each inventory account. 8. Consider all amounts presented above to be material in relation to Sunland's financial statements taken as a whole. (a) Prepare the inventory section of Sunland's balance sheet as of April 30, 2025, including any required note(5). (Round answers to 0 decimal places, e.g. 2,556.) (a) Prepare the inventory section of Sunland's balance sheet as of April 30,2025 , including any required note(s). (Round answers to 0 decimal places, e.g. 2,556.)