The following information pertains to the first inventory purchases made by Triplets Corporation after it began operations: On 11/10/19 Triplets ordered 6,000 units of inventory purchased at an agreed upon price of $42,000 cash (total). Triplets also agreed to pay for the freight costs to ship the inventory to its warehouse. The inventory was shipped on 11/20/19, and Triplets paid total freight costs of $600. . On 11/30/19 the inventory arrived in Triplets' warehouse, and Triplets paid $1,000 to have the inventory inspected and $300 to prepare the inventory to be sold. The inspections and preparations were all completed that same day (11/30), and the inventory was completely ready for sale. From 11/30 until 12/31, Triplets paid $400 in storage costs and $150 to insure the inventory. As of 12/31/19, none of these units of inventory had been sold by the end of the year. What is the total dollar value of these units of 'inventory' that would be reported on the company's balance sheet (capitalized) as of 12/31/19