The fiscal year of the corporation ends on December $31.$ On April $15,2026,$ fire damaged the office and warehouse of Indigo Corporation. The only accounting record saved was the general

ledger, from which the balance sheet data below was prepared.

The following data and information have been gathered.

The fiscal year of the corporation ends on December $31.$

An examination of the April bank statement and canceled checks revealed that checks written during the period April $1-15$

totaled $$12,220$:$$5,358$ paid to accounts payable as of March $31,$$$3,196$ for April merchandise shipments, and $$3,666$ paid

for other expenses. Deposits during the same period amounted to $$12,173,$ which consisted of receipts on account from

customers with the exception of a $$893$ refund from a vendor for merchandise returned in April.

Correspondence with suppliers revealed unrecorded obligations at April $15$ of $$14,664$ for April merchandise shipments,

including $$2,162$ for shipments in transit $($f$.$o$,$ b$,$ shipping point$)$ on that date.

An examination of the April bank statement and canceled checks revealed that checks written during the period April $1-15$

totaled $$12,220$ : $$5,358$ paid to accounts payable as of March $31,$$$3,196$ for April merchandise shipments, and $$3,666$ paid

for other expenses. Deposits during the same period amounted to $$12,173,$ which consisted of receipts on account from

customers with the exception of a $$893$ refund from a vendor for merchandise returned in April.

Correspondence with suppliers revealed unrecorded obligations at April $15$ of $$14,664$ for April merchandise shipments,

including $$2,162$ for shipments in transit $($f$.$o$.$b$.$ shipping point$)$ on that date.

Customers acknowledged indebtedness of $$43,240$ at April $15,2026.$ It was also estimated that customers owed another

$$7,520$ that will never be acknowledged or recovered. Of the acknowledged indebtedness, $$564$ will probably be

uncollectible.

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:

Inventory with a cost of $$6,580$ was salvaged and sold for $$3,290.$ The balance of the inventory was a total loss.

Compute the amount of inventory fire loss.

Inventory fire loss

$

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