(5 points) Santana, Co.'s auditor decided to use the Gross Profit Method as an analytical procedure to confirm inventory values for the period ended December 31, 2022. Santana, Co. reported beginning inventory on January 1,2022 of $1,201,000. During the year, the company reported net purchases of $3,843,000 and net sales of $5,296,000. Santana, Co.'s average gross profit or sales margin ratio is 25%. Based on these values, what will be the auditor's estimate of ending inventory for 2022? (A 21) $3,720,000 $3,972,000 $1,072,000 $5,044,000 (5 points) Santana, Co.'s auditor decided to use the Gross Profit Method as an analytical procedure to confirm inventory values for the period ended December 31, 2022. Santana, Co. reported beginning inventory on January 1,2022 of $1,201,000. During the year, the company reported net purchases of $3,843,000 and net sales of $5,296,000. Santana, Co.'s average gross profit or sales margin ratio is 25%. Based on these values, what will be the auditor's estimate of ending inventory for 2022? (A 21) $3,720,000 $3,972,000 $1,072,000 $5,044,000