ABC, Inc.'s inventory balance on December 31, year 2, was $355,000 before considering the following transactions: Goods shipped to ABC f.o.b. shipping point on December 23, year 2, were received on January 4, year 3. The invoice cost was $10,000. Goods shipped to ABC f.o.b. destination on December 27, year 2, were received on January 5, year 3. The invoice cost was $18,000. Goods shipped from ABC to a customer f.o.b. shipping point on December 28, year 2, were received by the customer on January 3, year 3. The sales price was $153,000 and the merchandise cost $73,800. Goods shipped from ABC to a customer f.o.b. destination on December 27, year 2, were received by the customer on December 29, year 2. The sales price was $22,500 and the merchandise cost $8,500. Goods shipped from ABC to a customer f.o.b. shipping point on December 28, year 2, were received by the customer on January 4, year 3. The sales price was $47,500 and the merchandise cost $19,500. Required: Determine the correct inventory amount to be reported in the year 2 balance sheet. See