The Following Information for the Year 2014 Is Taken from the Accounts

The following information for the year 2014 is taken from the accounts of Thornwood Company. The company uses the periodic inventory method. $\begin{array}{lr}\text { Inventory, January 1, 2014 } & \$ 2,000 \\\text { Purchases } & 10,000 \\\text { Purchase Returns and Allowances } & 200 \\\text { Purchase Discounts } & 100 \\\text { Freight on goods purchased under } &\\\text { Terms FOB shipping point } & 400 \\\text { Cost of Goods Sold } & 7,100\end{array}$ Based on this information, the inventory at December 31, 2014 is

A) $4,600.
B) $5,000.
C) $4,900.
D) $12,100.