Stone Co$.$ had the following consignment transactions during December $2005$:

Inventory shipped on consignment to Beta Co$.$ $$18,000$

Freight paid by Stone $900$

Inventory received on consignment from Alpha Co$.12,000$

Freight paid by Alpha

$500$

No sales of consigned goods were made through December $31,2005.$ Stone's December $31,2005,$ balance sheet should include consigned inventory at

$$12,000$

$$12,500$

$$18,000$

$$18,900$