10. The owner arrived early one morning at their place of business, to find that their shop had been burglarized during the prior night. Use the following information that the company gathered to estimate the amount of inventory that was stolen.

Normal gross margin rate 50%

Beginning inventory, January 1 $50,000

Purchases to date, $199,000

Sales to date, $440,000

A. $19,000

B. $29,000

C. $39,000

D. $49,000