Umatilla Eronk and Trust is considering pving Blossom Company a loan Before doing so, it decides that further discussions with Blossonis accountant may be desirable One area of particular concern is the inventory account, which has a year end balance of 3286,950. Discussions with the accountant reveal the following 1. Blosyom shipped goods costine $53,940 to 5 plish Company FOB shipping point on December 28 . The goods are not expected to rexhisplish until janciary 12 The grods were not included in the physical irventory becsuse they were not in the watchoune 2. The plysical count of the inventory did not include goods costing $97,100 thut were shipped to Blossom FOB destiration on December 27 and werestill in transit at veaf end. 3. Elossan received goods costine $26,120 on fanary 2 The goods wete shipped Fo 8 shippine point on December 26 by Yanice C0. The goods were not included in the phrsical count. 4. Blossces shipped goods costing $59,230 to Ehter of Canada FOB destination on Decenber 30 The poods were recewed in Cinsta on Januarys. They were not included in Blossom's phrical imentory 3. Blessom received goods contine $39,960 on January 2 that were shipged fob destination on Deceinber 29 Theshipment was a nathorder thx was rupoond to arrive December 31 . This purchase was included in the ending invent ory of $206,950 Delemine the conect imveritory amourt in December 31 Correct imeition anounton Decenber 21 s