On April 24 of the current year, The Memphis Pecan Company experienced a tornado that destroyed the companys entire inventory. At the beginning of April, the company reported beginning inventory of $228,650. Inventory purchased during April (until the date of the tornado) was $199,700. Sales for the month of April through April 24 were $644,400. Assuming the companys typical gross profit ratio is 50%, estimate the amount of inventory destroyed in the tornado.