The following data and information have bean gatherse.

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

An examination of the April bank statament and canceled checks revealad that checks written during the pariod April $1-15$

totaled $$11,440$ : $$5,016$ paid to accounts payable as of March $31,$$$2,992$ for April marchandise shipments, and $$3,432$ paid

for other expenses. Deposits during the same period amounted to $$11,396,$ which consisted of receipts on account from

customars with the exception of a $$836$ refund from a vendor for merchandise returned in April.

Correspondance with suppliars revealad unrecorded ablizations at$.$April $15$ of $$13,728$ for April marchandise shipments,

including $$2,024$ for shipments in transit $($fob$.$ shipping point$)$ on that date.

Customers acknowladped indabtedness of $$40,480$ at April $15,2026.$ It was also estimated that customars owed another

$$7,040$ that will navar be acknowladyad or recoverad Of the acknowladged indabtednass, $$528$ will probably be

uncollactible.

The companiss insuring the inventory agresd that the corporation's firs$-$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 disclased this information:

Imentory with a coat of $$6,160$ was salvaged and sold for $$3,000.$ The balance of the invantory was a total loas.

Compute the amount of inwentory fire loss.