Umatilia Bank and Trust is considering giving Crane Company a losn. Before doing so, it decides that further discussions with Crane's accountant may be desirable. One area of particular concern is the inventory account, which has a year-end balance of $256,250. Discussions with the inccountant reveal the following. 1. Crane shipped goods costing $50,530 to Swifty Company FOB shipping point on December 28 . The goods are not expected to reach Swifty until January 12 . The goods were not included in the physical inventory because they were not in the warehouse 2. The physical count of the inventory did not include goods costing $87,150 that were shipped to Crane FOB destination on December 27 and were still in transit at year-ind. 3. Crane receilued soods costing $26,710 on Janump 2 The goods were shipped FOB shipping point on December 26 by Yanice Ca. The goods were not included in the physical count 4. Craneshipped goods costing $51,800 to Ehier of Canada FOB destination on December 30 . The goods were received in Canada on January 8. They were not included in Cranc's physical inventory. 5. Crane received goods costing $38,650 on January 2 that wereshipped FOB destination on December 29. The shipment was a rush order that was supposed to arrive December 31 . This purchase was included in the ending inventory of $256,250 Determine the correct inventoryamount on December 31. Correct inventory amount on December 31