Sporting Pro wants to prepare interim financial statements for the first quarter of 2023 but would like to avold making a physical count of inventory. During the last five years, the company's gross profit rate has averaged 28%. The following information for the year's first quarter is avallable from its records: Required: Use the gross profit method to prepare an estimate of the company's March 31 inventory. Required: Use the gross profit method to prepare an estimate of the company's March 31 inventory