please explain step to step how to solve for this problem. i would like steps to all the calchlation as well as why would we do this and that that way i can learn from it. thanj you

Oriol Company's accounting records indicated the following information: Inventory, 1/1/20 $ 1710000 Purchases during 2020 Sales during 2020 8100000 10410000 Aphysical inventory taken on December 31, 2020 resulted in an ending inventory of $2010000. Oriole's gross profit on sales has remained constant at 27% in recent years. Oriole suspects some inventory may have been taken by a new employee. At December 31, 2020, what is the estimated cost of missing inventory? 5200700 5600000 5800700 - $399300