The following information pertains to the January operating budget for Casey Corporation. times Budgeted sales for January $206,000 and February $109,000. times Collections for sales are 50% in the month of sale and 50% the next month. times Gross margin is 25% of sales. times Administrative costs are $19,000 each month. times Beginning accounts receivable is $29,000. times Beginning inventory is $14,000. times Beginning accounts payable is $74,000. (All from inventory purchases.) times Purchases are paid in full the following month. times Desired ending inventory is 20% of next month's cost of goods sold (COGS). At the end of January, budgeted ending inventory is ________. A. $5,450 B. $30,350 C. $16,350 D. $21,800