Sherbrooke Company purchased a two-year supply of fuel oil in 2011, paying $20,000. None of it was consumed in 2011, $16,000 was consumed during 2012, and $4,000 was consumed in 2013. The balance sheet item for the asset Fuel Oil Inventory will show the following amounts:

As of December 31, 2011 . . . . . . . . . . . . . . . . . . . $

As of December 31, 2012 . . . . . . . . . . . . . . . . . . . $

As of December 31, 2013 . . . . . . . . . . . . . . . . . . . $