Need's help with one accounting problem...

Franklin Co. has experienced gross profit ratios for 2013, 2012, and 2011 of 34.00%, 29.25%, and 32.25%, respectively. On April 3, 2014, the firm's plant and all of its inventory were destroyed by a tornado. Accounting records for 2014, which were available because they were stored in a protected vault, showed the following: Sales from January 1 thru April 2 January 1 inventory amount Purchases of inventory from January 1 thru April 2 $ 146,980 63,520 118,723 Required: Calculate the amount of the insurance claim to be filed for the inventory destroyed in the tornado. (Hint:Use the cost of goods sold model and a gross profit ratio that will result in the largest claim.) (Round your answer to nearest whole dollar amount.)