Confucius Bookstore's Inventory is destroyed by a fire on September 5. The following data for the current year are available from the accounting records Beginning inventory, January 1 January 1 through September 5 purchases (net) January 1 through September 5 sales (net) Current year's estimated gross profit rate $ 130,000 $360,000 $ 736,000 36 Estimate the cost of the inventory destroyed. Beginning inventory $ 130,000 $ 130.000 Sales Estimated September 5 inventory destroyed