Question $24($Mandatory$)(4$ points$)$

A company's inventory was destroyed by a hurricane on August $5,2024.$ At January $1,$ the company reported an inventory of $$171,000.$ Sales from January $1,2024,$ to August $5,2024,$ totaled $$481,000$ and purchases totaled $$196,000$ during that time. The company consistently marks up its products $65\%$ over cost to arrive at a selling price. The estimated inventory loss due to the hurricane would be:

$$75,485.$

None of the other answer choices are correct.

$$141,575.$

$$79,485.$