A fire destroyed a warehouse of the Goren Group, Inc., on May 4, 2020. Accounting records on that date indicated the following: Merchandise inventory, January 1, 2020 $1,900,000 Purchases to date and freight-in 6,200,000 Sales to date 8,200,000 The gross profit ratio has averaged 20% of sales for the past four years. Required: Fill in the blanks to estimate the cost of the inventory destroyed in the fire using the gross profit method. Merchandise inventory, January 1, 2020 _________ Purchases to date and freight-in _________ Total inventory available for sale _________ Less: Cost of goods sold: Sales to date _________ Less: Estimated gross profit of 20% _________ _________ Estimated ending inventory to date (inventory loss from fire) _________