Sandhill Corp had $980,000 of inventory at December 31,2024, with purchases of $294,000 and sales of $686,000 in 2025,5andhill Corp lost all but $98,000 of inventories due to a hurricane in 2025 . Using the gross profit method, calculate ending inventory independently using the following assumptions: 1. Sandhill'sgross margin was 30% 2. Sanchillmarkup on cost was 20% 3. Sandhilis cost of sales percentage was 60%