Consider the following account starting balances and transactions involving these accounts.

Use T-accounts to record the starting balances and the offsetting entries for the transactions.

The starting balance of Accounts Receivable is $4,000

The starting balance of Cash is $10,800

The starting balance of Inventory is $5,400

1. Sell product for $40 in cash with historical cost of $40

2. Buy $16 worth of manufacturing supplies for cash

3. Receive payment of $10 owed by a customer

What is the final amount in Inventory? Note: No unit adjustments are necessary.

Thanks!