PROBLEM 2 Agler Company suffered a loss of its inventory on March 28 due to a fire in its warehouse. As a basis for filing a claim with its insurance company, Agler following information: Company developed the March net sales through March 28 Beginning Inventory, March 1 Merchandise purchases through March 28 S350,000 100,000 180.000 The company has experienced an average gross profit rate 0035 %In the past appears to be appropriate in the current period and this rate Instructions Using the gross profit method, in the space below, prepare an estimate of the cost of the inventory destroyed by fire on March 28. Show all computations in good form