MASE Problem V: Calculating Gross Profit (2 pts) PLOADANSWERS TO BLACKBOARD ward's Supply Co. suffered a fire loss on April 20, 2013. The company's last physical inventor Was taken January 30, 2013, at which time the inventory totaled $220,000. Sales from January 30 to April 20 were $600,000 and purchases during that time were $450,000. Howard's consistently reports a 30% gross profit. The estimated inventory loss is