A fire destroys all of the merchandise of Bonita Company on February 10, 2025. Presented below is information compiled up to the date of the fire. Inventory, January 1, 2025 Sales revenue to February 10, 2025 Purchases to February 10, 2025 Freight-in to February 10, 2025 Rate of gross profit on selling price $396,800 Inventory at February 10, 2025 $ 1,923,000 1,212,460 65,070 40% What is the approximate inventory on February 10, 2025?

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