Your answer is incorrect. Try again. In an annual audit of Ayayai Company Limited, you find that a physical inventory count on December 31, 2017, showed merchandise of $446,000. You also discover that the following items were xcluded from the $446,000. 1. Merchandise of $60,100 is held by Ayayai on consignment from BonBon Corporation. 2. Merchandise costing $33,400 was shipped by Ayayai f.o.b. destination to XYZ Ltd. on December 31, 2017. This merchandise was accepted by XYZ on January 2018. 3. Merchandise costing $45, 100 was shipped f.o.b. shipping point to ABC Company on December 29, 2017. This merchandise was received by ABC on January 10, 2018 4. Merchandise costing $72,800 was shipped f.o.b. destination from Wholesaler Inc. to Ayayai on December 30, 2017. Ayayai received the items on January 3, 2018. 5. Merchandise costing $50,900 was shipped by Distributor Ltd. f.o.b. shipping point on December 30, 2017, and received at Ayayai's office on January 2, 2018 6. Ayayai had excess inventory and incurred an additional $1,400 in storage costs due to delayed shipment in transaction (3) above. 7. Ayayai incurred $2,050 for interest expense on inventory it purchased through delayed payment plans in fiscal 20177 (a) Based on the information provided above, calculate the amount of inventory that should appear on Ayayai's December 31, 2017 balance sheet. 482850 Amount of inventory $