On April $15,2026,$ fre damagad the office and warahouse of Sage Corporation. The only accounting racord savad was the general

ladger, from which the balance shest data below was preparsd.

The following data and information have bsan gatharad.

The fiscal year of the corporation ands on December $31.$

An evamination of the April bank statament and canceled chacks ravealad that chacks written during the period April $1-15$

totalad $$10,920$ : $$4,788$ paid to accounts payable as of March $31,$ $$2,856$ for April marchandise shipments, and $$3,276$ paid

for othar expensas. Deposits during the same pariod amounted to $$10,878,$ which consistad of receipts on account from

customars with the excaption of a $$798$ rafund from a vendor for marchandise returnad in $$ pril.

Correspondance with suppliars revealad unracordad ablizations at April $15$ of $$13,104$ for April marchandise shipmants,

including $$1,932$ for shipments in transit $[$fob$.$ shipping point$)$ on that date.

Customers acknowladgad indabtadnass of $$38,640$ at$.$April $15,2026.$ It was also estimated that customars owed another

$$6,720$ that will nevar be acknowladgad or recoverad Of the acknowladgad indabtedness, $$504$ will probably be

uncallactible.

The companies insuring the inventory agresd that the corporation's firs$-$loss claim should be based on the assumption that

the overall gross profit rate for the past $2$ years was in affect during the current year. The corporation's audited financial

statements disclased this information:

Imentory with a cost of $$5,890$ was salvagad and sold for $$2,940.$ The balance of the inventory was a total loss.

Computs the amount of inventory fire loss.

Irwentory fira loss $