LP 10-21 Slidl ) WeSUll me In the current year, Aldin Company experienced a major casually loss due to the destruction of its warehouse and entire inventory by a hurricane. The company began the year with inventory of $816,000. There were net purchases of $1,019,000 and net sales of $5,011,000 during the year prior to the casualty The company's historical gross profit percentage has averaged 40% over the last 5 years. Estimate the inventory on hand on the date of the casualty. The estimated inventory on hand on the date of the casually is S