Umatilla Bank and Trust is considering giving Bridgeport Corp. a loan. Before doing so, it decides that further discussions with Bridgeport Corp.'s accountant may be desirable. One area of particular concern is the Inventory account, which has a year-end balance of $302,140. Discussions with the accountant reveal the following 1. Bridgeport Corp. sold goods costing $57,920 to Hemlock Company FOB shipping point on December 28. The goods are not expected to reach Hemlock untl 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 $104,150 that were shipped to Bridgeport Corp. POB destination on December 27 and were s in transit at yyear- end. 7 8 3. Bridgeport Corp. received goods costing $26,820 on January 2. The goods were shipped POB shipping point on December 26 by Yanice Ca. The goods were not induded in the physical count. 4. Bridgeport Corn, sold goods costing $48.100 to Ehier of Canada FOB destination on December 30. The goods were received in Canada on January 8. They were not included in Bridgeport Corp. physical inventory 5. Bridgeport Corp. received goods costing $39,130 on January 2 that were shipped FOB destination on December 29. The shipment was a nuah order that was spposed to arives December 31. This purchase was included in the ending inventory of $302,140 re sults by Study Determine the correct inventory amount on December 31. The correct inventory amount on December 31