Question 41 (4 points) An inventory taken by the Peace Hall Company on the morning of November 01 after a large theft discloses $10,000 of goods on hand. The following additional data is available from the accounting records: Inventory on hand, October 01. $ 30,000 Purchases received from October 01 to 31 90,000 Sales (delivered to customers) October 01 to 31 . 100,000 Past records indicate that the gross profit is 25% of sales. Using the gross profit method, what is the amount of the theft loss? $40,000. $45,000 $35,000 $30,000