Sporting Pro wants to prepare interim financial statements for the first quarter of 2023 but would like to avoid making a physical count of inventory. During the last five years, the companys gross profit rate has averaged 44%. The following information for the years first quarter is available from its records: January 1 beginning inventory $ 335,260 Purchases 980,200 Purchase returns 13,750 Transportation-in 7,600 Sales 1,261,150 Sales returns 9,800