Sarasota Inc. had beginning inventory of $23,000 at cost and $31,000 at retail. Net purchases were $155,112 at cost and $207,000 at retail. Net markups were $12,000, net markdowns were $8,000, and sales were $192,000. Calculate the ending inventory at cost using the retail method. (Round cost-to-retail ratio to 2 decimal places, e.g. 15.21% and the final answer to 0 decimal places, e.3, 5,275.) Ending inventory