Marcel's Fashions started with $7,000 in Inventory and had the following transaction totals for the month of April:

Sales $20,000

Sales Returns and Allowances 2,000

Cost of Goods Sold 8,000

Purchases ???

Freight 1,000

Purchases Returns and Allow. 2,000

Purchases Discounts 1,500

If ending Inventory for the period is $14,000, what is the total amount of purchases during the month:

options:

	$16,500
	$18,500 (is wrong, already submitted as an answer)
	$15,500
	$17,500