Exercise 9-17 You are called by Tim Duncan of Buffalo Co. on July 16 and asked to prepare a claim 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 Purchases-goods placed in stock July 1-15 Sales revenue- goods delivered to customers (gross) Sales returns-goods returned to stock 36,600 81,300 119,400 3,600 Your client reports that the goods on hand on July 16 cost $31,300, but you determine that this figure includes goods of $6,300 received on a consignment basis. Your past records show that sales are made at approximately 30% over cost. Duncan's insurance covers only goods owned. Compute the claim against the insurance company. (Round ratios for computational purposes to 2 decimal places, eg, 78.73% and final answer to 0 decimal places, eg. 28,987.) Caim spgainst the insurance company