Assets Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) 32,000 ? ? 300,000 $ 450,000 Liabilities and Stockholders' Equity Accounts payable (trade) Income taxes payable (current) Long-term debt Common stock Retained earnings $? 32,000 ? 306,000 ? $? Additional Information Current ratio at year end) Totaltabilities - Total stockholders equity Gross margin percentage Inventory tumover (Cost of goods sold Ending inventory Gross margin 1.5 to 10 80 30 X 11.2 Himes $ 375.000 Calculate the Inventory based on this information. Assume that the level of inventory did not change from last year