A fire destroys all of the goods owned by Domino Co. on April 14, 2021. The following is information related up to the date of the fire. Inventory, January 1, 2021 $ 700,000 Sales to April 14, 2021 1,900,000 Purchases to April 14, 2021 1,240,000 Freight-in to April 14, 2021 60,000 Purchase return to April 14, 2021 80,000 Freight-out to April 14, 2021 15,000 Markup percentage on cost 37.5% What is the approximate inventory on April 14, 2021? Show your computation