Elton, Inc., expects to sell 6,000 ceramic vases for $20 each. Direct materials costs are $2, direct manufacturing labor is $10, and manufacturing overhead is $3 per vase. The following inventory levels apply to 2021: Direct materials: Beginning inventory 1,000 units, Ending inventory 1,000 units, Finished goods inventory: Beginning inventory 400 units, Ending inventory 500 units. On the 2021 budgeted income statement, what amount will be reported for cost of goods sold?