E10-17 (similar to) Question Help A tsunami destroyed Santaku Company's warehouse and all of its inventory Santaku's prior year balance shoot reported onding inventory fotaing 3,000 Sanrak's management believes that last year's gross profit percentage is a good estimate of the gross profit in the current year. Sanraku's sales last year wore 547,500 and its cost of goods sold was $28,500. Before the tsunami, Saraku's net sales were $26.500, and Santaku purchased $19,677 of invertory of the inventory purchased, $1.010 had not yet boon delivered to Sanraku. Read the rec ents 0 Requirements Requirement a. Use the gross profit method to determine Sara 's historical gross proft percentage Identify the appropriate formula and then calculate Sarraku's historical gross profit percentage. (Round the gros Go prole cont per Round percentages to one decimal place. Use the gross profit method to doormine the following: a. What is Sarraku's historical gross profit percentage? b. What is Sanraku's estimated cost of goods sold? c. What is Sarraku's estimated gross profit? d. What is Sanraku's estimated ending inventory? Print Done