ABC Corporation lost most of its inventory in a fire on April 10, 2020. tis books discord following data: Inventory, January 1, 2020 Purchases in 2020 Purchases returns Sales Sales returns Purchases discounts Rate of gross profit on sales $180,000 400,000 30,000 650,000 25,000 10,000 30% Through the diligence of the local Fire Department, ABC was able to salvage and te merchandise costing $4,000. Required: Calculate the amount of the loss from the fire, to be presented as a claim to the company. your computations. Show 58000D - 30,000 550,000 650,000 - 550 OUD 100,000 25.000 75.000 - 10,000 65,000 + 4 * 69,000 650,000 .3 -Rote 195,00U ->