Tucson Company started business at the beginning of 2020. The following data relates to the year ending 2020: Cost Retail Beginning inventory $ 15,000 $ 23,000 Purchases 49,000 78,000 Freight-in 2,500 Purchase returns 1,700 2,600 Markups 8,000 Markup cancellations 6,000 Markdowns 12,100 Markdown cancellations 8,000 Net sales 70,600 Employee discounts 700 Using the LIFO retail method, at what amount would inventory be reported on the year-end balance sheet? Round your final answer to the nearest whole dollar