Part C (4 marks). In the early morning of January 1, 2021, Detroit Corp.'s inventory was destroyed by fire. The following information was available for calendar 2020: Sales Net purchases. Freight-in Beginning inventory... $1,900,000 1. 600,000 20,000 410,000 Detroit's gross profit on sales has averaged 30% for several years. Instructions: Calculate the estimated cost of the inventory destroyed. Show computations. Cost of inventory destroyed