Franklin Company has experienced gross profit ratios for 2022,2021 , and 2020 of 34.00%,30.75%, and 31.50\%, respectively, On April. 6,2023 , the firm's plant and all its inventory were destroyed by a tornado. Accounting records for 2023, which were available because they were stored in a protectedivault, showed the following: Required: Ralculate the amount of the insurance claim to be filed for the inventory destroyed in the tornado. (Hint: Use the cost of goods sold model and a gross profit ratio that will result in the largest claim.) Note: Do not round intermediate calculations