Dale Nolan was at home watching television when he received a call from the fire department. His business was a total loss from fire. The insurance company asked him to prove his inventory loss, For the year, until the date of the fire, Dale's company had sales of 450,000 and purchases of 280,000 . Freight in amounted to 13,700 , and the beginning inventory was 45,000 . It was Dale's custom to price goods to achieve a gross profit of 40 per cent.

Calculate Dale's estimated inventory loss.