On April $15,2026,$ fire damaged the office and warahouse of Ayayai Corporation. The only accounting record saved was the ganeral

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

Ayayai Corporation

March $31,2026$

Dr

$$23,600$

$47,200$

$88,500$

$41,300$

$129,900$

Or

Cash

Accounts receivable

Invantory, Decamber $31,2025$

Land

Buildings

Accumulated depreciation

Equipment

Accounts payable

Othar accrued expansas

Cammon stock

Retalinad earnings

Sales revanue

Purchases

Miscellaneous expense

$$48,734$

$4\mathrm{.}248$

$27,966$

$12,036$

$118,000$

$61,360$

$159,300$

$61,360$

$$427,396$ $$427,396$

The following data and information have been gathered.

The fiscal yaar of the corporation ands on Decamber $31.$

An examination of the April bank statamant and cancelad chacks revaaled that checks writtan during tha period April $1-15$

totalad $$15,340$: $$6,726$ paid to accounts payable as of March $31,$ $$4,012$ for April merchandise shipmants, and $$4,602$ paid

for other expenses. Deposits during the sama pariod amounted to $$15,281,$ which consisted of racaipts on account from

customers with the axception of a $$1,121$ refund from a vendor for merchandise raturned in April.

Corraspondence with suppliers ravealed unracorded obligations at April $15$ of $$18,408$ for April merchandise shipmants,

including $$2,714$ for shipmants in transit $($f$.$o$.$b$.$ shipping point$]$ on that date.

Customars acknowledgad indebtadness of $$54,280$ at April $15,2026.$ It was also estimatad that customers owed another

$$9,440$ that will naver be acknowledged or racovered. Of the acknowledged indebtedness, $$708$ will probably be

uncollectible.

The companies insuring the inventory agread that the corporation's fire$-$loss claim should be basad on the assumption that

the ovarall gross proft rate for the past $2$ yaars was in effact during the currant yaar. The corporation's audited financial

stataments disclosed this information:

$1.$

$2$

$4.$

$5.$

Net sales

Net purchases

Beginning inventory

Ending invantory

Year Ended

December $31$

$2025$

$$625,400$

$330,400$

$59,000$

$88,500$

$2024$

$$460,200$

$277,300$

$77,880$

$59,000$

Invantory with a cost of $$8,260$ was salvaged and sold for $$4,130.$ The balance of the inventory was a total loss.

Compute the amount of invantory fire loss.