Question 14 A fire destroys all of the merchandise of Ayayai Company on February 10, 2017. Presented below is information compiled up to the date of the fire. Inventory, January 1, 2017 $379,900 Sales revenue to February 10, 2017 1,961,200 Purchases to February 10, 2017 1,193,730 Freight-in to February 10, 2017 57,810 Rate of gross profit on selling price 40% What is the approximate inventory on February 10, 2017? Inventory at February 10, 2017