On April 15, 2021, hre damaged the office and warehouse of Flounder Corporation. The only accounting record saved was the general ledger, from which the balance sheet data below was prepared. FLOUNDER CORPORATION MARCH 31, 2021 Cash $20.350 Accounts receivable 43,510 Inventory, December 31, 2020 70,640 Land 36,030 Building 100,490 Accumulated depreciation $39,418 Equipment 3,629 Accounts payable 22911 Other accrued expenses 7,924 Common stock 102,400 Retained earnings 53.600 Sales revenue 130.430 Purchases 53.600 Miscellaneous expense 26.434 5356,683 5356,633 The Towing data and normation have been gathereo. 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 $12,020:$5,478 paid to accounts payable as of March 31. $3.397 for April merchandise shipments, and $3,B18 paid for other expenses. Deposits during the same period amounted to $14,144, which consisted of receipts on account from customers with the exception of a $905 refund from a vendor for merchandise returned in April. 3. Correspondence with suppliers revealed unrecorded obligations at April 15 of $16.813 for April merchandise shipments, including $2,197 for shipments in transit (to.b. destination) on that date. 4. Customers acknowledged indebtedness of $47,340 at April 15, 2021. It was also estimated that customers owed another $8,060 that will never be acknowledged or recovered. Of the acknowledged indebtedness, S5B0 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: 2019 Net sales Net purchases Beginning inventory Ending inventory Year Ended December 31 2020 $576.980 $363,210 276,840 223,380 49,500 72 130 70.640 49.500 6. Inventory with a cost of 56,890 was salvaged and sold for $3,540. The balance of the inventory was a total loss. Compute the amount of inventory firelosRound ratios for computational purposes to 2 decimal places, 8 7852% and final answer to decimal places 28987) Inventory fire los 5