I need guidance with this general accounting problem using the right accounting principles.

Timberlake Apparel Co. manufactures premium outdoor wear. The following selected financial information for the fiscal year 2020 is provided: Item Amount Sales $245,000 Cost of Goods Manufactured $74,000 Direct Material Purchased $92,000 Factory Overhead $31,000 Work in Process - January 1 $71,000 Work in Process - December 31 $37,000 Direct Material - December 31 $24,000 Finished Goods Inventory - December 31 | $83,000 Net Income $38,000 Direct Materials Used $71,000 Cost of Goods Sold $86,000 Use this information to determine the dollar amount of Timberlake Apparel's Finished Goods Inventory for January 1, 2020