Umatilla Bank and Trust is considering giving Oriole Company a loan. Before doing so, it decides that further discussions with Oriole's accountant may be desirable, One area of particular concern is the Inventory account, which has a year-end balance of $253,450. Discussions with the accountant reveal the following. 1. Oriole shipped goods costing $51,940 to Skysong Company FOB shipping point on December 28 . The goods are not expected to reach Skysong 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 $88,290 that were shipped to Oriole FOB destination on December 27 and were still in transit at year-end. 3. Oriole received goods costing $25,690 on January 2. The goods were shipped FOB shipping point on December 26 by Yanice Co. The goods were not included in the physical count. 4. Oriole shipped goods costing $53,020 to Ehler of Canada FOB destination on December 30 . The goods were received in Canada on January 8. They were not included in Oriole's physical inventory. 5. Oriole received goods costing $46,060 on January 2 that were shipped 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 imventory of $253,450. Determine the correct inventory amount on December 31 . Correct inventory amount on December 31$