A substantial portion of inventory owned by Prentiss Sporting Goods was recently destroyed when the roof collapsed during a rainstorm. Prentiss also lost some of its accounting records. Prentiss must estimate the loss from the storm for insurance reporting and financial statement purposes. Prentiss uses the periodic inventory system. The following accounting information was recovered from the damaged records:

Beginning inventory	$	199,900
Purchases to date of storm		397,000
Sales to date of storm		600,500

The value of undamaged inventory counted was $104,105. Historically, Prentisss gross margin percentage has been approximately 21 percent of sales. Required Estimate the following: a. Gross margin in dollars.