The following information is available for October for Jordan Company: Beginning Inventory $100,000 Purchases Sales 165,000 Sales Returns $320,000 20,000 Purchase Retums 15,000 Percentage Markup on Cost 50% A fire destroyed most of Jordan's October 31 inventory, leaving undamaged inventory with a cost of $3,000. Using the gross profit method, the estimated ending inventory destroyed by fire is: Select one: O a. $3,000 O b. $50,000 OC $97,000 O d. $47,000 Oe. $147,000