help please. explain how you got the correct answer

Shamrock Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is Information for the month of May. Inventory, May 1 $ 165,300 Purchases (gross) 619 800 Freight-in 30,100 Sales revenue 940,100 Sales returns 68.700 Purchase discounts 11,600 Your answer is incorrect. Try again, Compute the estimated Inventory at May 31, assuming that the gross profit is 25% of ne The estimated inventory at May 31 158,660 LINK TO TEXT Your answer is incorrect. Try again. Compute the estimated inventory at May 31, assuming that the gross prolis 25% of cost answer to o decimal places, ..6.225 The estimated Inventory at May 31 213.112 Click if you would like to Show Work for this question: Open Show Work