Blue Company has the following data for the year: Beginning Inventory Net Sales Revenue Gross Purchases Normal Gross Profit Ratio 32% O $114,000 $117,400 $122,000 $240,000 $112,000 $350,000 None of the above. $120,000 Net Income Sales Discounts Cash Balance Purchase Returns What is the estimated ending inventory? (Round your final answer to the nearest dollar.) $80,000 $5,000 $15,000 $8,000

Blue Company has the following data for the year: What is the estimated ending inventory? (Round your final answer to the nearest dollar.) $114,000 $117,400 $122,000 $112,000 None of the above