1- The following relevant information is extracted from Ajman Company's books for the year of 2019: Sales Revenue 1000,000 Sales Returns 50,000 purchases for the year 600,000 Purchases Returns 60,000 Purchases discounts 10,000 Opening Inventory 200,000 Rate of gross profit on net sales 30% Ajman Company found a large amount of its inventory is damaged and subsequently lost. However, the company identified a part of its inventory with a selling price of 30,000 remained undamaged. Further, some of damaged part with original selling price of 22,500 has a net realizable value of 8000 Required: (a) Estimate the Ending inventory without any adjustment for damages. (6 Marks) (b) Estimate the undamaged inventory at cost marks) (c) Calculate the loss of damaged Inventory 2