On April 24 of the current year, The Memphis Pecan Company experienced a tornado that destroyed the company's entire inventory. At the beginning of April, the company reported beginning inventory of $227,850. Inventory purchased during April (until the date of the tornado) was $198,900. Sales for the month of April through April 24 were $643,600. Assuming the company's typical gross profit ratio is 50%, estimate the amount of inventory destroyed in the tornado.

• $216,850

• $158,338

• $104,950

• $321,800

• $213,375