Crane 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). Merchandise with a selling price of 37,800 remained undamaged after the fire, and damaged merchandise has a residual value of 10,200. 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.) CRANE Computation of Inventory Fire Loss April 15, 2022 y 0 0 I y \& 0 ^ \begin{tabular}{ccc} \\ \\ \hline \\ \\ \\ \hline \end{tabular} o o 0 0 0 0 : 0 0 0 0