Afire wiped out Plantow Paper Company's Inventory The insurance company will accept an estimate using the retail method Last year's balance sheet stated that the ending inventory was $12,000 and it would usually sell for $38,000 Mr Pichai knows that the cost of purchases was $160,000 and the retail seling prices for the paper totaled $297.000 Credit card receipts indicate that there was $240,000 of sales since the beginning of the year. Calculate the cost of the lost ending inventory for the insurance company (Round the retail ratio to two decimal places and the final answer to the nearest dollar) The intending mentory in 1 CUD