Exercise (PLEASE ANSWER IN BOOKLET MUST SHOW WORK FOR CREDIT Gross Profit Method. (10 points) On March 31, 2019, the Optix's Company wants to prepare interim financial statement for the first quarter Inventory. The Company does not want to make a physical cost of Inventory and an estimate of the inventory will satisfy the auditors. Net Sales and Net Purchases for the year had been $1,342.400 and 9940040. respectively. The beginning Inventory (an 1, 2019) was $312.880 in the past, Optik's gross profit has averaged 39% of selling price Instructions Use the grow profit method to estimate the Optix's Ending Inventory w of March 31, 2019