The following information pertains to the January operating budget for ABC Corporation.

Collections for sales are 50% in the month of sale and 50% the next month.

Desired ending inventory is 20% of next month's cost of goods sold (COGS).

Administrative costs are $19,000 each month.

Gross margin is 20% of sales.

Beginning accounts receivable is $29,000.

Beginning accounts payable is $74,000. (All from inventory purchases.)

Budgeted sales for January $206,000 and February $109,000.

Purchases are paid in full the following month.

Beginning inventory is $14,000.

At the end of January, budgeted ending inventory is?

Group of answer choices