Carla Vista Ltd. lost most of its inventory in a fire in December just before the year-end physical inventory was taken. Company records disclose the following (yen in thousands). Inventory (beginning) \ 76,800 Sales 398,400 Purchases 278,400 Sales returns 20,160 Purchase returns 26,880 Gross profit % based on net selling price 35 % Merchandise with a selling price of 28,800 remained undamaged after the fire, and damaged merchandise has a residual value of 7,800. The company does not carry fire insurance on its inventory. Prepare a formal labeled schedule computing the fire loss incurred. (Do not use the retail inventory method.) CARLA VISTA Computation of Inventory Fire Loss April 15, 2022 Beginning inventory 76,800 Purchases 278,400 355,200 Purchase returns 26,880 i Goods on hand-undamaged 328,320 Sales W 398,400 Sales returns 20,160 Net sales 378,240 Less V: Cost of goods sold (estimated) 132,384 Ending inventory (unadjusted for damage) 245,856 i II Goods on hand-undamaged 328,320 Sales 398,400 Sales returns 20,160 i Net sales 378,240 Less V: Cost of goods sold (estimated) 132.384 i Ending inventory (unadjusted for damage) 245,856 i Sales Add : Residual value of damaged inventory Fire loss on inventory Goods on hand-undamaged Sales returns Cost of goods sold (estimated) Ending inventory (unadjusted for damage) Goods on hand-undamaged Inventory damaged Gross profit Beginning inventory Net sales Residual value of damaged inventory Purchases Purchase returns Sales Fire loss on inventory Total goods available