At the beginning of April, Foster Inc. had $158,000 of inventory on hand. During the first two weeks of April, Foster purchased additional $28,000 in inventory and made sales of $190,000. On April 16, a hurricane hit Foster’s warehouse and its entire inventory was destroyed. Foster has an average gross profit percentage of 30 percent. What was the estimated value of the inventory destroyed?

$4,000

$53,000

$32,000

$28,000