Tri-State Bank and frust is considering soving Shetfeld Compamy a ban. Before doing sa management decides that further discussions with Shef feld's accountant muy be desirable. One area of particular concern is the itweotory account, which has a yearend balance of \$304,000, Okeustions with the accountant reveal the followine 1. Shetheld shipped noods costing \$35,000 to Lilja Compenv. FOB shipping point, on December 28. The koodt are not expecthd to arrive at Lija untii January 12. The poods were not included in the plorical imventory because they were ivet in the warehouse. 2. The ghincal count of the inwentory de not include goods costing 591,000 that were shipped to Shetheld Fog destination an December 22 and were stat in tramit at yearend 3. Shelfield recelved zoods costing $25,000 on danuary 2 The goods were shipped Foo shipping paint on December 26 tir Bcent Co0. The soods were not included in the ptricical count was a ruth order that was supposed to arrive December 31. The purchase was included in the endine irventory of 5204,000 Determine the corroct inventory ameunt on Deceinber 31. Correctimentory 5