Question 14 A fire destroys all of the merchandise of Novak Company on February 10, 2020. Presented below is information compiled up to the date of the fire. Inventory, January 1, 2020 $439,300 Sales revenue to February 10, 2020 1,872,200 Purchases to February 10, 2020 1,110,680 Freight-in to February 10, 2020 59,100 Rate of gross profit on selling price 45% What is the approximate inventory on February 10, 2020? Inventory at February 10, 2020 Click if you would like to Show Work for this question: Open Show Work