Exercise 9-17 You are called by Tim Duncan of Bonita Co. on July 16 and asked to prepare a daim for insurance as a result of a theft that took place the night before. You suggest that an inventory be taken immediately. The following data are available Inventory, July 1 Purchases-goods placed in stock July 1-15 Sales revenue-goods delivered to customers (gross) Sales retums-goods returned to stock 40,800 84,800 118,600 4,400 Your dient reports that the goods on hand on July 16 cost $28,300, but you determine that this figure indludes goods of $5,600 received on a consignment basis. Your past records show that sales are made at approximately 25% over cost. Duncan's insurance covers only goods owned. Comp te the daim against the insurance company Round ratios for computati al purposes to 2 deci al places, eg 78.73% and final answer to O decir al places, eg. 8,987.) Claim against the insurance company