Worthmore Bank and Trust is considering giving Madsen Company a loan. Before doing so, it decides that further discussions with Madsen's accountant may be desirable. One area of particular concern is the Inventory account, which has a year-end balance of $287,210. Discussions with the accountant reveal the following. Madsen sold goods costing $56,190 to Allen Company FOB shipping point on December 28. The goods are not expected to reach Allen until January 12. The goods were not included in the physical inventory because they were not in the warehouse. The physical count of the inventory did not includes goods costing $86,030 that were shipped to Madson FOB destination on December 27 and were still in transit at year-end. Madsen received goods costing $34, 080 on January,2 The goods were shipped FOB shipping point on December 26 by Lynch Co. The good were not included in the physical count. Madsen sold goods costing $52,150 to Finet of Canada FOB destination on December 30. The goods were received in Canada on January 8. They were not included in Madsen's physical inventory. Madsen received goods costing $43,060 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 inventory of $287,210. Determine the correct inventory amount on December 31. The correct inventory amount on December 31