On April 30, Greencastle Sales, Inc. lost its entire inventory in a flood. The following information is available from the company's accounting records, which were recovered from the waterproof safe: Inventory, January 1 $325,000 Purchases, January 1 through April $675,000 30 Net sales, January 1 through April 30 $975,000 Required (show your work!): (4 points) The gross profit of Greencastle Sales, Inc. over the past several years has consistently averaged 35% of net sales. Using the gross profit method, estimate the cost of the inventory lost in the flood on April 30