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On December 1, year 2, Alt Department Store received 505 sweaters on consignment from Todd. Todd’s cost for the sweaters was $80 each, and they were priced to sell at $100. Alt’s commission on consigned goods is 10%. At December 31, year 2, five sweaters remained. In its December 31, year 2 balance sheet, what amount should Alt report as payable for consigned goods?