Solve the following problem.

Problems On September 30, Brock Company reported that a re caused severe damage to the entire inventory. The entity had a gross prot of 30% on cost. The entity provided the following data for nine months ended September 30: Inventory at January 1 1,100,000 Net purchases 6,000,000 Net sales 7,280,000 A physical inventory disclosed usable damaged goods which can be sold for P100, 000. 1. What is the estimated cost of goods sold for the nine months ended September 30? 2. What is the estimated amount of re loss