When preparing its quarterly financial statements, Pace Co$.$ uses the gross margin method to estimate ending inventory. The following information is available for the quarter ending March $31,$ Year $2$:

Beginning inventory $ $226,000$

Purchases $ $806,000$

Sales $ $1,128,000$

Estimated gross margin percentage $45\%$

What is the estimated amount of inventory that is on hand on March $31,$ Year $2?($Do not round your intermediate calculations.$)$