Kari Downs, an auditor with Wheeler CPAs, is performing a review of Concord Company's inventory account. Concord 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 $731,000. However, the following information was not considered when determining that amount. (a1) Prepare a schedule to determine the correct inventory amount. (If an amount reduces the account balance then enter with a negative sign preceding the number , e.g. -15,000, or parenthesis e.g. (15,000). Enter O if there is no effect.) Ending inventory-as reported 1 . Included in the company's count were goods with a cost of $255,000 that the company is holding on consignment. The goods belong to Kroeger Corporation. 2. The physical count did not include goods purchased by Concord with a cost of $45,000 that were shipped FOB destination on December 28 and did not arrive at Concord warehouse until January 3. 3. Included in the inventory account was $12,000 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 boxed and 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 point. The goods had a selling price of $30,000 and a cost of $29,000. The goods were not included in the count because they were sitting on the dock. 5. On December 29, Concord shipped goods with a selling price of $83,000 and a cost of $63,000 to Macchia Sales Corporation FOB shipping point. The goods arrived on January 3. Macchia had only ordered goods with a selling price of $13,000 and a cost of $8,000. However, a sales manager at Concord had authorized the shipment and said that if Macchia wanted to ship the goods back next week, it could