ILLUSTRATION 8.2 (Where claim for stock of damaged goods is to be calculated). The premises of Tobey Enterprise, a proprietary concern, were damaged by fire on 12th February, 2015. As a result, some trading stock was totally destroyed, and in addition, stock costing $96,000 was partly damaged. The insurance company agreed to reduce the value of the damaged stock to $52,800. On 31st December, 2014, the stock-in-trade of the concern was valued at $4,12,000. Subsequently the following purchases were made: $ $ 8th January, 2015 1,09,920 14th February, 2015 42,400 21st January, 2015 72,000 20th February, 2015 2,24,000 27th January, 2015 5,360 8th March, 2015 1,37,600 Additional information for the three months ended 31st March, 2015 is given below: (a) 50% of the damaged goods were sold before 31st March, 2015 at a profit of 15%. (b) With the exception of the damaged goods, the firm has earned a gross profit of 30% of the cost of goods sold. (c) The sales during the three months ended 31st March, 2015 were 5,64,360. (d) The undamaged stock at 31st March, 2015 was valued at $2,03,280. (e) The firm has an insurance cover for loss and damage to stock by fire. Prepare a statement of insurance claim