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 $228,050 Inventory purchased during April (until the date of the tornadol was $199300. Net Sales for the month of April through April 24 were $643,800 Assuming the company's typical gross profit ratio is 50%, estimate the amount of inventory destroyed in the tomado. Multiple Choice O $121,900 $216,650 $213575 $158438 $105,250 [Q