On April 15, 2026, fire damaged the office and warehouse of Sage Corporation. The only accounting record saved was the general ledger, from which the balance sheet data below was prepared. 1 The fiscal vear of the corporation ends on December 31 accourt from customers with the exception of $1.064 refund from a vendor for merchandise returned in Aprit. point) on that date. the actnowiedged indebtedness, $672 will probably be uncollectible. effect during the current year. The corporation's audited financial statements disclosed this information: 6. Inventory with a cost of $7,840 was salvaged and sold for $3,920. The balance of the inventory was a total loss. Compute the amount of inventory fire loss