what is the amount of inventory that will be shown on the balance sheet at december 31, year 2?

Sanchez Company engaged in the following transactions during Year 1 : 1) Started the business by issuing $10,700 of common stock for cash. 2) The company paid cash to purchase $6,700 of inventory. 3) The company sold inventory that cost $4,100 for $7,900 cash. 4) Operating expenses incurred and paid during the year, $3,600. Sanchez Company engaged in the following transactions during Year 2 : 1) The company paid cash to purchase $9,000 of inventory. 2) The company sold inventory that cost $8,300 for $14,500 cash. 3) Operating expenses incurred and paid during the year, $4,600. Note: Sanchez uses the perpetual inventory system. What is the amount of inventory that will be shown on the balance sheet at December 31 , Year 2? Multiple Choice $3,300 $7,400 $700 $16,000