14. A company uses the periodic inventory method. Its Purchases account contains a $270,000 debit balance for the year and its Transportation-in account balance for the year is $14,000. Assume that a physical count indicates an ending inventory of $26,000 and that cost of goods sold for the year is $275,000, What was the company's beginning inventory amount? A. $31,000 B. 17,000 C. 26,000 D 43,000 E. None of the above