Find inventory lost

A substantial portion of inventory owned by Prentiss Sporting Goods was recently destroyed when the roof collapsed during a rainstorm. Prentiss also must some of its accounting records Prentiss must estimate the loss from the storm for insurance reporting and financial statement purposes. Prentiss uses me periods inventory system. The following accounting information was recovered from the damaged records: The value of undamaged inventory counted was $110,142. Historical Prentes gross margin percentage has been approximately 22 percent of sales. Required Estimate the following: a. Gross margin in dollars. a. Gross margin in dollars