Willie Nelson's Boots uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below: Beginning inventory Net purchases Net markups Net markdowns Net sales Cost Retail $ 61,000 $ 78,000 169,000 245,000 37,000 50,000 235,000 The conventional cost-to-retail percentage (rounded) is: Willie Nelson's Boots uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below: Beginning inventory Net purchases Net markups Net markdowns Net sales Cost Retail $ 35,000 $ 66,000 148,000 211,000 28,000 25,000 220,000 To the nearest thousand, estimated ending inventory using the conventional retail method is (Do not round intermediate calculations): On July 10, 2018, Johnson Corporation signed a purchase commitment to purchase inventory for $206,000 on or before February 15, 2019. The company's fiscal year-end is December 31. The contract was exercised on February 1, 2019, and the inventory was purchased for cash at the contract price. On the purchase date of February 1, the market price of the inventory was $216,000. The market price of the inventory on December 31, 2018, was $183,000. The company uses a perpetual inventory system. At what amount will Johnson record the inventory purchased on February 1, 2019