Riverbed Corporation March 31, 2026 \begin{tabular}{|c|c|c|} \hline Cash & $19,200 & \\ \hline Accounts receivable & 38,400 & \\ \hline Inventory, December 31, 2025 & 72,000 & \\ \hline Land & 33,600 & \\ \hline Buildings & 105.600 & \\ \hline Accumulated depreciation & & $39,648 \\ \hline Equipment & 3,456 & \\ \hline Accounts payable & & 22,752 \\ \hline Other accrued expenses & & 9.792 \\ \hline Commonstock & & 96,000 \\ \hline Retained earnings & & 49.920 \\ \hline Sales revenue & & 129,600 \\ \hline Purchases & 49.920 & \\ \hline \multirow[t]{2}{*}{ Miscellaneous expense } & 25,536 & \\ \hline & $347.712 & $347.712 \\ \hline \end{tabular} 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 chocks revealed that checks written during the period April 1-15 totaled \$12,480: \$5,472 paid to accounts payable as of March 31, \$3,264 for April merchandise shipments, and \$3,744 paid for other expenses, Deposits during the same period amounted to $12,432, which consisted of recelpts on account from customes with the exception of a $912 refund from a vendor for merchandise refurned in April. 3. Correspondence with suppliers revealeduriecorded obtizations at Aoril 15 of $14,976 fot Aori merchandse shipments. including $2.208 for shipments in transit (tob, shipping point) on that date. 4. Customers acknowledged indebtedness of 544,160 at Aprif 15, 2026. It was alco estimatod that customers owed another $7,680 that wil never be acknowhedied or recovered. Of the achoowledged indebtedness, $576 will probably be . uncollectible. 5. The companies insurine the inventoryagreed that the corporations fire-lossclaim should be based ba the assumption that the overall gross proft rate for the past 2 vess was in effect durink the cirrent year. The corporation saludited financial statements disclosed this information: 6. Inventory with a cost of $6,720 was salvaged and sold for $3,360. The balance of the inventorv was a total loss: Compute the amount of inventorvire lose