LIBERTY CORP.BILLS MERCHNDISE shipments to its Tagaytay City Branch at 125% of cost. The branch in turn, sells the merchandise it receives from the HO at 25% above the billing price. On August 1, 2020, all of the branch's merchandise stock was destroyed by fire. The branch records that were recovered showed the following: Inventory, Jan 1, 2020 165.000 Shipments received from HO-Jan. 1. to July 31, 2020 110.000 Purchases, at cost, from outside sources, all re-sold at a 20% mark- up 7.500 Sales 169,000 Sales returns and allowances 3,750 LIBERTY CORP. will file an insurance claim. How much is the estimated cost of the merchandise destroyed by the fire