You have been provided with the following information for Massy Shoe Store (St Lucia) which accounts for its inventory using the periodic system. Its financial year ends September 30. All purchases and sales are made on account. Physical count at beginning of September 30, 2022 valued inventory of shoes at $469,780. Included in the physical count was shoes purchased for $20,840 on September 17 from Payless (USA). The shoes were shipped f.o.b. destination point on September 30 and arrived October 7. The invoice was received and recorded appropriately. Shoes purchased from Fabco (USA) on September 25 for $17,080 and shipped f.o.b. destination were received on September 30 after inventory had been counted. The invoice was received and recorded appropriately. On September 29, shoes were received from Genuine Leathers (Brazil) with an invoice price of $31,260. The shoes were shipped to Massy Shoe Store f.o.b. destination. The invoice, which had not yet arrived, had not been recorded on September 30. Massy Shoe Store sold some chef crocs to Holiday Resorts (Antigua) on September 29, f.o.b. destination, these were shipped on September 30. The invoice was prepared and recorded as a sale on September 30 for $25,600. The shoes had a cost of $14,700 and Holiday Resorts received the shoes on October 6. Shoes costing $92,000 were purchased and received from Telco (USA) on September 30 accompanied by an invoice annotated 40 % on consignment. The invoice was received and recorded appropriately. A box containing returned shoes (incorrect size) and labelled Please Accept for Credit was placed in the front of the wharehouse on September 30 after the physical count 5 was done. These shoes which cost $3,000 had been sold to a customer for $5,200. No entry had been made in the books to reflect the returns. Football shoes were sold to Trinidad and Tobago Football Association (TTFA) f.o.b. shipping point for $37,800 on September 30 (last transaction on the day). The cost of these shoes were $23,040. The shoes were shipped on October 1 and received by TTFA on October 4. Required: A. Compute the correct inventory balance for Massy Shoe Store (St Lucia) at the end of its trading day, September 30, 2022. (7 marks) B. Prepare any necessary correcting journal entries to adjust inventory and related accounts to their proper amounts at September 30, 2022. Assume the books have not yet been closed. (9