The Fortunato Corp.'s inventory at Dec 31, 2018, was $325,000 based on a physical count priced at cost, and before any necessary adjustment for the following:Merchandise costing $30,000, shipped f.o.b. shipping point from a vendor on Dec 30, 2018, was received on Jan 5, 2019. Merchandise costing $22,000, shipped f.o.b. destination from a vendor on Dec 28, 2018, was received on Jan 3, 2019. Merchandise costing $38,000 was shipped to a customer f.o.b. destination on Dec 28, arrived at the customer's location on Jan 6, 2019. Merchandise costing $12,000 was being held on consignment by Brecht Inc.What amount should Fortunato report as inventory in its Dec 31, 2018, balance sheet