On August 31, a hurricane destroyed a retail location of Sheridan's Clothier including the entire inventory on hand at the location. The inventory on hand as of June 30 totaled $1885000. Since June 30 until the time of the hurricane, the company made purchases of $489000 and had sales of $1472000. Assuming the rate of gross profit to selling price is 30%, what is the approximate value of the inventory that was destroyed? O $1885000. O $1343600. O $1932400. O $854600