On September $22,2024,$ a flood destroyed the entire merchandise inventory on hand in a warehouse owned by the Rocklin Sporting Goods Company. The following information is available from the records of the company$$s periodic inventory system:

Inventory, January $1,2024$ $ $153,000$

Net purchases, January $1$ through September $22383,000$

Net sales, January $1$ through September $22615,000$

Gross profit ratio $30\%$

Required:

Complete the below table to estimate the cost of inventory destroyed in the flood using the gross profit method.