Sanchez Company engaged in the following transactions during Year 1: 1) Started the business by issuing $10,900 of common stock for cash. 2) The company paid cash to purchase $6,800 of inventory. 3) The company sold inventory that cost $4,200 for $8,150 cash. 4) Operating expenses incurred and paid during the year, $3,700. Sanchez Company engaged in the following transactions during Year 2 1) The company paid cash to purchase $9,200 of inventory 2) The company sold inventory that cost $8,400 for $14.750 cash. 3) Operating expenses incurred and paid during the year, $4,700. 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