joseph consigned 10,000 Kgs. Of groundnut oil to David of Australia at $. 15 per kg. Expenses incurred by Joseph being $. 7,500 for freight and $. 2,500 for insurance. During transit 500 Kgs. Of oil were destroyed due to accident and the insurance company accepted the loss to the extent of $. 7,000. David received the balance of consignment and sold 7,000 Kgs. Of oil at $. 20 per kg. 100 Kgs. Of oil were lost due to leakage. Calculate the abnormal loss and the value of the closing stock lying with the consignee.