On April 15, 2021, fire damaged the office and warehouse of Nash Corporation. The only accounting record saved was the general ledger, from which the balance sheet data below was prepared. NASH CORPORATION MARCH 31, 2021 Cash $20,430 Accounts receivable 41,350 Inventory, December 31, 2020 71,660 Land 34,660 Buildings 116,380 Accumulated depreciation $44,601 Equipment 3,786 Accounts payable 21,512 Other accrued expenses 11,228 Common stock 102,400 Retained earnings 55,680 Sales revenue 134,060 Purchases 55,680 Miscellaneous expense 25,535 $369,481 $369,481 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 $13,560: $5,159 paid to accounts payable as of March 31, $3,125 for April merchandise shipments, and $4,041 paid for other expenses. Deposits during the same period amounted to $11,950, which consisted of receipts on account from customers with the exception of a $1,007 refund from a vendor for merchandise returned in April. 3. Correspondence with suppliers revealed unrecorded obligations at April 15 of $14,322 for April merchandise shipments, including $2,168 for shipments in transit (f.o.b. destination) on that date. 4. Customers acknowledged indebtedness of $49,750 at April 15, 2021. It was also estimated that customers owed another $8,100 that will never be acknowledged or recovered. Of the acknowledged indebtedness, $613 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 2020 2019 Net sales $582,960 $389,760 Net purchases 282,710 241,280 Beginning inventory 54,700 66,900 Ending inventory 71,660 54,700 6. Inventory with a cost of $7,540 was salvaged and sold for $3,410. 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...