Wildhorse Company took a physical inventory on December 31 and determined that goods costing $190,700 were on hand. Not included in the physical count were $24,280 of goods purchased from Pelzer Corporation, f.o.b. shipping point, and $21,330 of goods sold to Alvarez Company for $29,120, fo.b. destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Wildhorse report as its December 31 inventory