Chapter 6-Assignment 10 2 points LLUTTU SAW mongo mokij.comconolexternal browser 08launchUrl=https%253A%252 Saved Help Save & Exit Subm Check my work 01:26.53 Book Sporting Pro wants to prepare interim financial statements for the first quarter of 2023 but would like to avoid making a physical count of inventory. During the last five years, the company's gross profit rate has averaged 30%. The following information for the year's first quarter is available from its records January 1 beginning inventory Purchases Purchase returns Transportation-in Sales Sales returns $275,260 920,200 12,550 6,400 1,141,150 9,200 Prin Mc Graw Required: Use the gross profit method to prepare an estimate of the company's March 31 inventory Goods available for sale Inventory, January 1, 2023 SPORTING PRO Estimated Inventory March 31, 2023 275,260 < Prev 2 of 4 Next >