THE Company applies overhead to jobs using a pre-determined overhead rate of 80% of direct labor cost. During 2021, THE Company began work on three jobs. Information relating to these three jobs appears below:  Job #1 Job #2 Job #3 direct materials ...... $72,000 $56,000 $44,000 direct labor cost ..... $69,000 $52,600 $38,300 By the end of 2021, job #1 and job #2 had been completed. Job #3 was not completed by the end of 2021. Additionally, by the end of 2021, one-half of job #2 had been sold and one-third of Job #1 was sold. THE Company incurred total actual overhead cost of $122,740 during 2021. Calculate the amount of work in process inventory reported in THE Company's December 31, 2021 balance sheet.