The Little Company uses the cash basis of accounting. Little Company made $28,000 in payments to its suppliers during the year. Littles beginning inventory was $2,000, and its ending inventory was $1,000. In addition, Little had a beginning accounts payable of $7,000 and an ending accounts payable of $4,000. What is Little's cost of goods sold under the accrual basis of accounting?

$26,000

$37,000

$32,000

$30,000