Skysong, Inc. took a physical inventory on December 31 and determined that goods costing $214,500 were on hand. Not included in the physical count were $30,000 of goods purchased from Sheridan Company, FOB, shipping point, and $25,500 of goods sold to Windsor, Inc. for $32,000, FOB destination. Both the Sheridan purchase and the Windsor sale were in transit at year-end. What amount should Skysong report as its December 31 inventory