A company's inventory was destroyed by a hurricane on August 5, 2024. At January 1, the company reported an inventory of $173,000. Sales from January 1, 2024, to August 5, 2024, totaled $483,000 and purchases totaled $198,000 during that time. The company consistently marks up its products 50% over cost to arrive at a selling price. The estimated inventory loss due to the hurricane would be: Muitiple Choice $49,000 None of the other answer choices are correct $113,975 $53,000