marks) 2. The Inventory of Bell department store was destroyed by a fire on September 10,2014. The following data were found in the accounting records Date Purchase/sales Amount(s) Jan 1 inventory $180000 Net purchase $342000 Sale $675000 Returned sales $12000 2014 estimated gross profit 42% rate Use the gross profit method to estimate the inventory for March 2014. (6 marks)