Anment TRACK FULL SCREEN PRINTER VERSION CALCULATOR NEX MESSAGE MY TNSTRUCTOR Exercise 6 20 a-b The inventory of Sheridan Company was destroyed by fire on March 1. From an examination of the accounting records, the following data for the first 2 months of the year are obtained: Sales Revenue $51,000, Sales Returns and Allowances $1,400, Purchases $35,000, Freight-in $1,500, and Purchase Returns and Allowancus $ 1,700. Determine the merchandise lost by Tue, assurring: Ex Your answer is incorrect. Try again A beginning inventory of $19,000 and a gross profit rate of 45% on net sales. ady Estimated cost of merchandise lost UNK 10 TEXT X] your answer is incorrect. Try again. A beginning inventory of $39,000 and a gross profit rate of 30% on net sales. Estimated cost of merchandise lost Click it you would like to Show Work for this question: Open Show Work CENK TO TEXT