Question 14 A fire destroys all of the merchandise of Shamrock Company on February 10, 2017. Presented below is information compiled up to the date of the fire. Inventory, January 1, 2017 $432,200 Sales revenue to February 10, 2017 1,935,200 Purchases to February 10, 2017 1,104,580 Freightin to February 10, 2017 59,180 Rate of gross profit on selling price 35% What is the approximate inventory on February 10, 2017