On October 1st Schafer Retail Operations had a balance of $2,500 in Inventory; and purchased merchandise on credit, terms 2/10, n/30, FOB shipping point from Axle Industries. The invoice amount was $15,800 and shipping charges totalled $750. On October 4th Schafer returned $800 from the October 1st purchase. On October 5th Schafer purchased $11,600 in merchandise from DCR Industries, with terms of net 20 days, FOB destination. On October 8th Schafer paid Axle Industries in full. On October 9th Scafer sold $4,000 worth of merchandise to a customer. Based on this information and after all transactions have been recorded and posted, what is the balance in Schafer's Inventory account, assuming Schafer uses a perpetual inventory system.?