Hestor Company's records indicate the following information: Merchandise inventory, January 1, 2017 Purchases, January 1 through December 31, 2017 Sales, January 1 through December 31,2017 S 550,000 2,250,000 3,000,000 On December 31, 2017, a physical inventory determined that ending inventory of $60000 was in the warehouse. Hestor's gross profit on sales has remained constant at 30%. Hestor suspects some of the inventory may have been taken by some new employees. Required: At December 31, 2017, what is the estimated cost of missing inventory