$4$

Quebec Traffic Company had a fire on March $10,2020,$ that destroyed a major portion of its inventory. The salvaged accounting records contained the following information:

Skipped

$\backslash$table$[[$Sales$,$ January $1$ to March $10,$$$105,600],[$Net merchandise purchased January $1$ to March $10,237,400],[$Additional information was determined from the $2019$ annual report:,$],[$Income statement:,$$3,390,000],[$Sales$,1,525,500],[$Cost of goods sold,$349,100],[$Balance sheet:,$],[$Merchandise inventory,$$107,300.],[$Quebec Traffic was able to salvage inventory with a cost of $$100,]]$

Required:

Determine the amount of inventory lost by Quebec Traffic as a result of the fire. Quebec Traffic has a December $31$ year$-$end. $($Round the "Gross profit ratio" to the nearest whole percent.$)$

Amount of inventory lost