ABC Company reported the following information relating

to its inventory:

sales revenue $......................$ $$265,000$

freight$-$in $.........................$ $ $19,000$

purchase returns $...................$ $ $4,000$

beginning inventory $................?$

gross profit $.......................$ $$103,000$

purchases $..........................$ $$174,000$

freight$-$out $........................$ $ $11,000$

sales returns & allowances $.........$ $ $36,000$

ending inventory $...................$ $ $92,000$

purchase discounts $.................$ $ $24,000$

Calculate ABC Company's beginning inventory.