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Quebec Traffic Company had a fire on March 10, 2020, that destroyed a major portion of its inventory. The salvaged accounting records contained the following information: $ 390,600 222,400 Sales, January 1 to March 10 Net merchandise purchased January 1 to March 10 Additional information was determined from the 2019 annual report: Income statement: Sales Cost of goods sold Balance sheet: Merchandise inventory Quebec Traffic was able to salvage inventory with a cost of $107,000. $ 3,360,000 1,612,800 334,100 Required: Determine the amount of inventory lost by Quebec Traffic as a result of the fire. Quebec Traffic has a December 31 year-end. (Round the "Gross profit ratio" to the nearest whole percent.) Amount of inventory lost