2. The physical count did not include goods purchased by Waterway with a cost of 44.500 that were shipped FOB destination on December 28 and did not arrive at Waterway's 1/7 warehouse until January 3. 3. Included in the inventory account was 15,000 of office supplies that were stored in the warehouse and were to be used by the company's supervisors and managers during the coming year. 4. The company received an order on December 29 that was boked and wis sitting on the loading dock awaiting pick-up on December 31 . The shipper picked up the goods on January 1 and delivered them on January 6, The shipping terms were FOB shipping polnt. The goods had a selling price of f47,500 and a cost of f34.500. The goods were not included in the count because they were sitting on the dock. Included in the count was f49,500 of goods that were parts for a machine that the company no longer made. Given the high-tech nature of Waterway's products, it was unlikely thatthese obsolete parts had any other use. However, management would prefer to keep them on the books at cost, "since that is what we paid for them, after all:" Kale Wilson, an auditor with Sneed Chartered Accountants, is performing a review of Waterway Company's inventory account. Waterway did not have a good year and top management is under pressure to boost reported income. According to its records, the inventory balance at year end was 739,500. However, the following information was not considered when determining that amount. Prepare a schedule to determine the correct inventory amount. (If an amount reduces the account balance then enter with a nesotive sign preceding the number, es - 15,000 , or parenthesis cg.(15,000) ) Ending inventory as reported 1. Included in the company's count were goods with a cost of f225,500 that the company is holding on consignment. The goods belong to Superior, Ltd. 2. The physical count did not include goods purchased by Waterway with a cost of 44.500 that were shipped FOB destination on December 28 and did not arrive at Waterway's worehouse until hanury 3. 3. Included in the inventory account was 15,000 of office supplies that were stored in the warehouse and were to be used by the companys supervisors and managers during the coming year: 4. The company received an order on December 29 that was boxed and was sitting on the loading dock awaiting pick up on December 31. The shipper picked up the goods on Jartuary 1 and delivered them on fanuary 6 . The shipping terms were FOB shipping polnt. The goods had a selling price of E47,500 and a cost of f34,500. The goods were not included in the count because they were sitting on the dock