Northwest Fur Co. started the year with $95,000 of merchandise inventory on hand. During the year, $435,000 in merchandise was purchased on account with credit terms of 1/15, n/45. All discounts were taken. Northwest paid freight-in charges of $8,000. Merchandise with an invoice amount of $4,400 was returned for credit. Cost of goods sold for the year was $371,000. What is ending inventory?