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Greenwich Company, a camera store, lost some inventory in a fire on March 15. To file an insurance claim, the company must estimate its March 15 inventory using the gross profit method. For the past two years, Greenwich Company's gross profit has averaged 45% of net sales. Its inventory records reveal the following data: (Click the icon to view the data.) Read the requirements. Requirement 1. Estimate the Requirements Add: Less: 1. Estimate the cost of the lost inventory using the gross profit method. 2. Prepare the income statement for March 1 to March 15 for this product through gross profit. Show the detailed computations of cost of goods sold in a Net purchases separate schedule. Data table