On September 22, 2021, 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, 2021 Net purchases, January 1 through September 22 Net sales, Sanuary 1 through September 22 Gross profit ratio 5148,000 378,000 590,000 20% Required: Complete the below table to estimate the cost of inventory destroyed in the flood using the gross profit method. ances Beginning inventory Plus. Net purchases Cost of goods available for sale Less Cost of goods sold Not sales Less Estimated gross profit Estimated cost of goods sold Estimated cost of inventory destroyed