Required information [The following information applies to the questions displayed below.) Sanchez Company engaged in the following transactions during Year 1 Part 2 of 2 1) Started the business by issuing $13,900 of common stock for cash. 2) The company paid cash to purchase $8,300 of inventory 3) The company sold inventory that cost $5,700 for $11.900 cash. 4) Operating expenses incurred and paid during the year, $5,200. 8 00.3054 Sanchez Company engaged in the following transactions during Year 2 1) The company paid cash to purchase $12,200 of inventory. 2) The company sold inventory that cost $9.900 for $18,500 cash. 3) Operating expenses incurred and paid during the year, $6,200. Note: Sanchez uses the perpetual inventory system. What is the amount of inventory that will be shown on the balance sheet at December 31, Year 2? Multiple Choice