The following inventory-related information is for LentilBaby Industries, which sells baby food and has a periodic inventory system. Year 1 Year 2 Sales $600,000 $600,000 Inventory purchases 420,000 500,000 Inventory at the beginning of Year 1 was $100,000. In order to meet the companys profit target for Year 1, the controller (chief accountant) overstated Year 1 ending inventory by $15,000. As a result, reported inventory at the end of Year 1 was $78,000 instead of the correct amount of $63,000. [Note: In Year 2 the company did not correct this inventory overstatement at the end of Year 1.]  LentilBaby Industries is also having difficulty meeting its profit target for Year 2. The target is to report a gross margin (Gross Profit  Sales) of 25% for the year. Remember that Gross Profit is Sales  Cost of Goods Sold. An honest count of the inventory at the end of Year 2 reveals that the cost of inventory on hand is $55,000. What must the reported ending inventory for Year 2 be in order for LentilBaby Industries to meet its 25% gross margin target for Year 2? Write the dollar amount of your response (do not write the dollar sign).