Current Attempt in Progress Waterway Company's records indicate the following information for the year: On December 31, a physical inventory determined that ending inventory of $506000 was in the warehouse. Waterways gross profit on sales has remained constant at 30%. Waterway suspects some of the inventory may have been taken by some new employees. At December 31 , what is the estimated cost of missing inventory? $53200$506000$65200$319200