On April 15, 2021, fire damaged the ofce and warehouse of Pronghorn Corporation. The only accounting record saved was the general ledger, from which the balance sheet data below was prepared. PRONGHORN CORPORATION MARCH 31, 2021 Cash $21,970 Accounts receivable 36,350 Inventory, December 31, 2020 69,730 Land 35,910 Buildings 103,130 Accumulated depreciation $41,802 Equipment 3,801 Accounts payable 22,380 Other accrued expenses 3,723 Common stock 94,800 Retained earnings 54,490 Sales revenue 135,950 Purchases 54,490 Miscellaneous expense 27,764 $353,145 $353,145 The following data and information have been gathered. H 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 $13,050: $5,948 paid to accounts payable as of March 31, $3,503 for April merchandise shipments, and $4,270 paid for other expenses. Deposits during the same period amounted to $13,539, which consisted of receipts on account from customers with the exception of a $994 refund from a vendor for merchandise returned in April. Correspondence with suppliers revealed unrecorded obligations at April 15 of $14,831 for April merchandise shipments, including $2,262 for shipments in transit (f.o.b. destination) on that date. Customers acknowledged indebtedness of $49,910 at April 15, 2021. It was also estimated that customers owed another $7,940 that will never be acknowledged or recovered. Of the acknowledged indebtedness, $642 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 prot rate for the past 2 years was in effect during the current year. The corporation's audited nancial statements disclosed this information: Year Ended December 31 PS" 2020 2019 Net sales $524,090 $414,360 Net purchases 258,200 238,950 Beginning inventory 52,200 69,970 Ending inventory 69,730 52,200 6. Inventory with a cost of $6,400 was salvaged and sold for $3,640. 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 nal answer to 0 decimal places, e.g. 28, 987.)