Moving to the next question prevents changes to this answer. Qu stion 33 5 point Bakstreet Company wants to estimate inventory destroyed by flood. Its average gross profit percentage is 45%. The following information is available (1) Beginning inventory: $115,000 (2) Purchases: $662,000 (3) Purchases returns and allowances: $20,000 (4) Transportation-in: $5,500 (5) Sales: $995,000 (6) Sales returns and allowances: $25,000 Instructions: Calculate the value ending inventory using the gross profit method. Round numbers to the nearest dollar, if necessary. TTT Ariol 3 (12pt) T