As a result of a thorough physical inventory, Sheridan Company determined that it had inventory worth $319400 at December 31, 2020. This count did not take into consideration the following facts: Walker Consignment currently has goods worth $47700 on its sales floor that belong to Sheridan but are being sold on consignment by Walker. The selling price of these goods is $74400. Sheridan purchased $22200 of goods that were shipped on December 27, FOB destination, that will be received by Sheridan on January 3. Determine the correct amount of inventory that Sheridan should report