On April 15, 2015, fire damaged the office and warehouse of Stanislaw Corporation. The only accounting record saved was the general ledger, from which the trial balance below was prepared.

STANISLAW CORPORATION TRIAL BALANCE MARCH 31, 2015
Cash	$29,300
Accounts receivable	50,300
Inventory, December 31, 2014	77,800
Land	45,000
Buildings	114,100
Accumulated depreciation		$50,800
Equipment	3,660
Accounts payable		28,700
Other accrued expenses		25,790
Common stock		103,570
Retained earnings		56,300
Sales revenue		140,400
Purchases	56,300
Miscellaneous expense	29,100
	$405,560	$405,560

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 115 totaled $20,300: $6,390 paid to accounts payable as of March 31, $3,320 for April merchandise shipments, and $4,210 paid for other expenses. Deposits during the same period amounted to $15,500, which consisted of receipts on account from customers with the exception of a $880 refund from a vendor for merchandise returned in April.

3.

Correspondence with suppliers revealed unrecorded obligations at April 15 of $25,000 for April merchandise shipments, including $2,450 for shipments in transit (f.o.b. shipping point) on that date.

4.

Customers acknowledged indebtedness of $48,500 at April 15, 2015. It was also estimated that customers owed another $8,340 that will never be acknowledged or recovered. Of the acknowledged indebtedness, $650 will probably be uncollectible.

5.

The companies insuring the inventory agreed that the corporations 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 corporations audited financial statements disclosed this information:

		Year Ended December 31
		2014		2013
Net sales		$534,000		$380,300
Net purchases		280,500		244,900
Beginning inventory		51,100		76,000
Ending inventory		77,800		51,100

6.

Inventory with a cost of $7,340 was salvaged and sold for $4,130. The balance of the inventory was a total loss.

Compute the amount of inventory fire loss. (Round ratios for computational purposes to 1 decimal places, e.g 78.5% and final answer to 0 decimal places, e.g. 28,987.)

Inventory fire loss

?????????????