On April 15, 2021, fire damaged the office and warehouse of Ayayai Corporation. The only accounting record saved was the general ledger, from which the balance sheet data below was prepared. AYAYAI CORPORATION MARCH 31, 2021 Cash $21,150 Accounts receivable 39,450 Inventory, December 31, 2020 82,050 Land 36,390 Buildings 116,110 Accumulated depreciation $41,083 Equipment 3,438 Accounts payable 25,246 Other accrued expenses 12,459 Common stock 105,400 Retained earnings 47,280 Sales revenue 139,740 Purchases 47,280 Miscellaneous expense 25,340 $371,208 $371,208 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 $13,490: $5,315 paid to accounts payable as of March 31, $3,247 for April merchandise shipments, and $3,666 paid for other expenses. Deposits during the same period amounted to $12,756, which consisted of receipts on account from customers with the exception of a $947 refund from a vendor for merchandise returned in April. 3. Correspondence with suppliers revealed unrecorded obligations at April 15 of $14,154 for April merchandise shipments, including $2,277 for shipments in transit (f.o.b. destination) on that date. 4. Customers acknowledged indebtedness of $45,790 at April 15, 2021. It was also estimated that customers owed another $8,260 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 profit rate for the past 2 years was in effect during the current year. The corporation's audited financial statements disclosed this information: Net sales Net purchases Beginning inventory Ending inventory Year Ended December 31 2020 2019 $556,310 $411,320 295,860 219,030 45,800 69,910 82,050 45,800 6. Inventory with a cost of $7,550 was salvaged and sold for $3,630. 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, eg 78.52% and final answer to decimal places, e.g. 28,987.) Inventory fire loss $