On July 8, a fire destroyed the entire merchandise inventory on hand of Larrenaga Wholesale Corporation. The following information is available 3 Sales, January 1 through July 8 Inventory, January 1 Purchases, January 1 through July 3 Gross profit ratio 0052 $682,000 150,000 642,000 23% What is the estimated Inventory on July 8 immediately prior to the fire? Muluple Choice $266.860 5525340 5 5760 5267260