The following is a list of televisions produced and sold by Peterson (Pty) Ltd for year ended 28 February 2023 and 29 February 2024. Inventory is determined using the first-in first-out basis. Serial No. Date produced Production costs Date of sale Estimated selling price 2023 2024 Rand Rand Rand 5000 1 March 2022 15 000 18 000 15 500 5007 15 Jan 2023 18 000 20 June 2023 21 000 5210 5 Aug 2023 20 000 25 000 5380 15 Feb 2024 21 000 22 000 The sales staffs earn a commission of 10% on the selling price of vehicles sold. REQUIRED: The carrying amount of inventory at 28 February 2023 is? 1. R35 100 2. R33 000 3. R39 000 4. R53 750