Exercise 9-17 You are called by Tim Duncan of Sheffield Co. on July 16 and asked to prepare a claim for insurance as a result of a theft that took pace the ni ht before You suggest that mento y e aken 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 returns-goods returned to stock 36,600 87,400 123,700 4,400 Your client reports that the goods on hand on July 16 cost $30,900, but you determine that this figure includes goods of $6,500 received on a consignment basis. Your past records show that sales are made at approximately 40% over cost. Duncan's insurance covers only goods owned Compute the claim against the insurance company. (Round ratios for com'putational purposes to 2 decimal places, e.g. 78.73% and final answer to 0 decim'al places, e.g. 28,987 Claim against the insurance company