On July 8, a lire destroyed the entire merchandise Inventory on hand of Lartenaga Wholesale Corporation. The following information is available Sales, January 1 through July B Inventory, January 1 Purchases, January 1 through July 8 Gross profit ratio $683,000 147,000 648,000 27% What is the estimated inventory on July 8 immediately prior to the fire? Muluple Choice 5296,410 $74,960 5297010 5498.590