The Mateo Corporation's inventory at December 31. 2011, was $325,000 based on a physical count priced at cost, and before any necessary adjustment for the following: Merchandise costing $30,000. shipped F.o.b. shipping point from a vendor on December 30. 2011, was received on January 5.2012. Merchandise costing $22,000. shipped F.o.b. destination from a vendor on December 21. 20 was received on January 3.2012. Merchandise costing S38.000 was shipped to a customer F.o.b. destination on December 2& arrived at the customer's location on January 6. 2012. Merchandise costing $12,000 was being held on consignment by Traynor Company what amount should Mateo Corporation report as inventory in its December 31. 2011, balance sheet? Pat Produce estimates bad debt expense at %% of credit sales. The company reported receivable and allowance for uncollectible accounts of $471,000 and $1, 650 respectively, at December 31, 2010. During 2011, Pat's credit sales and collections were $315,000 and $319,000, respectively, and $1, 720 in accounts receivable were written off. Pat's accounts receivable at December 31. 2011. are: Pat's 2011 had debt expense is: Pat's adjusted allowance for uncollectible accounts at December 31, 2011, is