Sanchez Company engaged in the following transactions during 2015 1) Started the business by issuing $42,000 of common stock for cash 2) The company paid cash to purchase $26,400 of inventory 3) The company sold inventory that cost $16,000 for $30.600 cash. 4) Operating expenses incurred and paid during the year, $14,000. Sanchez Company engaged in the following transactions during 2016: 1) The company paid cash to purchase $35,200 of inventory 2) The company sold inventory that cost $32,800 for $57.000 cash 3) Operating expenses incurred and paid during the year, $18,000. Note: Sanchez uses the perpetual inventory system. The balance in the inventory account shown at December 31, 2016 is: A $2,400. B. $12,800. C. $61,600 D. $28,800. Select one A. Choice A B. Choice B C. Choice C D. Choice D