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 Trwentory, January 1, 2021 Net purchases, January 1 through September 22 Net sales, January 1 through September 22 Gross profit ratio 5149,000 379,000 595,000 25 Required: Complete the below table to estimate the cost of inventory destroyed in the flood using the gross profit method. Beginning inventory Plus Net purchases Cost of goods available for sale Less Cost of goods sold Net sales Less Estimated gross profit Estimated cost of goods sold Estimated cost of inventory destroyed On September 22, 2021, a food 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 perlodic inventory system Inventory, January 1, 2021 Net purchases, January 1 through September 22 tiet sales, January 1 through September 22 Cross profit ratio $149,000 379,000 595,000 25% Required: Complete the below table to estimate the cost of inventory destroyed in the flood using the gross profit method Beginning inventory Plus. Net purchases Cost of goods available for sale Less Cost of goods sold Net sales Loss. Estimated gross profil Estimated cost of goods sold Estimated cost of inventory destroyed