Need to calculate the inventory fire loss for the question provided below:

STELLAR CORPORATION MARCH 31, 2021 Cash $20,350 Accounts receivable 43,510 Inventory, December 31, 2020 70,640 Land 36,030 Buildings 100,490 Accumulated depreciation $39,418 Equipment 3,629 Accounts payable 22,911 Other accrued expenses 7,924 Common stock 102,400 Retained earnings 53,600 Sales revenue 130,430 Purchases 53,600 Miscellaneous expense 28,434 $356,683 $356,683 The following data and information have been gathered. 1. The fiscal year of the corporation ends on December 31. 2. An examination of the April bank statement and canceled checks revealed that checks written during the period April 1-15 totaled $12,020: $5,478 paid to accounts payable as of March 31, $3,397 for April merchandise shipments, and $3,818 paid for other expenses. Deposits during the same period amounted to $14,144, which consisted of receipts on account from customers with the exception of a $905 refund from a vendor for merchandise returned in April. Correspondence with suppliers revealed unrecorded obligations at April 15 of $16,813 for April merchandise shipments, including $2,197 for shipments in transit (f.o.b. destination) on that date. 4. Customers acknowledged indebtedness of $47,340 at April 15, 2021. It was also estimated that customers owed another $8,060 that will never be acknowledged or recovered. Of the acknowledged indebtedness, $580 will probably be uncollectible. 5. The companies insuring the inventory agreed that the corporation's fire-loss claim should be based on the assumption that the overall gross profit rate for the past 2 years was in effect during the current year. The corporation's audited financial statements disclosed this information: Year Ended December 31 2020 2019 Net sales $576,880 $363,210 Net purchases 276,840 223,380 Beginning inventory 49,500 72,130 Ending inventory 70,640 49,500 6. Inventory with a cost of $6,890 was salvaged and sold for $3,540. The balance of the inventory was a total loss. Compute the amount of inventory fire loss. ( Round ratios for computational purposes to 2 decimal places, e.g 78.52% and final answer to 0 decimal places, e.g. 28,987.) Inventory fire loss