Required information Goshen City acquires $36,000 of inventory on November 1, 205, having held no inventory previously. On December 31 , 205, the end of Goshen City's fiscal year, a physical count shows $7,000 still in stock. During 206, $5,000 of this inventory is used, resulting in a $2,000 remaining balance of supplies on December 31,206. Ised on the preceding information, which of the following would be the correct account balances for 205 if Goshen City used the purchase method of counting for inventories