The James Bond Company had inventory of $50,000 on December 31st 2020. 2 From January 1st to October 4th 2021, James Bond Company had inventory purchases of $1,500,000 s from January 1st to October 4th James Bond had sales of $1,200,000 6 > On October 5th a fire destroyed the James Bond warehouse at M16; however the James Bond warehouse 8 at Universal Exports was undamaged. A count of the inventory at the Universal Exports showed $250,000 of merchandise 9 10 James Bond's profit margin is 45% 11 12 How much inventory was destroyed in the fire at M16? 13 14