Vallas, Inc. has the following inventory activities Vallas sold $6,400 of inventory to a customer, FOB Shipping Point. This inventory is currently in transit. Vallas owns $10,000 of inventory as a consignor, which it has given to an agent to sell at a local convention. Vallas purchased $8,000 of inventory from its vendor, FOB Shipping Point. This inventory is currently in transit. What is the value of Vallas' inventory on its balance sheet? O $8,000, O $18,000. O $6,400. $0.