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On January 1, 2020, the merchandise inventory of Wildhorse, Inc. was $2050000. During 2020 Wildhorse purchased $4091000 of 1.2 merchandise and recorded sales of $4900000.

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On January 1, 2020, the merchandise inventory of Wildhorse, Inc. was $2050000. During 2020 Wildhorse purchased $4091000 of 1.2 merchandise and recorded sales of $4900000. The gross profit rate on these sales was 25%. What is the merchandise inventory of Wildhorse at December 31, 2020? O $2466000 O $3675000. O $1225000 O $809000

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