The following information is available for October for Jordan Company: Beginning Inventory $100,000 Sales $320,000 Purchases Purchase Retuma 165,000 15.000 Sales Retums 20,000 Percentage Markup on Cost 50% A fire destroyed most of Jordan's October 31 inventory, leaving undamaged inventory with a cost of $3,000. Using the gross profit method, the estimated ending inventory destroyed by fire is: Select one: O a $3,000 O b. $50,000 Oc $97,000 Od $47,000 O e $147,000