On April $15,2026,$ fire damaged the office and warehouse of Bramble 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 $$14,820.$ $$6,498$ paid to accounts pay able as of March $31,$ $$3\mathrm{.}876$ for April

merchandive shipments, and $$4,446$ paid tor other experses. Deposits during the same period amounted

to $$14\mathrm{.}763,$ which consisted of receipts on account from customers with the exception of a $$1\mathrm{.}083$ refund

from a vendor tor merchandke returned in Aprit

Correspondence with suppliers revealed urrecorded obligations at April $15$ of $$17,784$ for April

merchandise shipments, including $$2\mathrm{.}622$ for whipments in triasit $($Mab$.$ shipping point$)$ on that coate.

Customers acknowledped indebtedness of $$52,440$ at Apri $15,2026.$ It wab abo estimated that

customers uwted another $$9,120$ that will never be acknowiedged or recovered. Of the acknowledged

indebtedness, $5684$ will probably bee uncolifecible.

The comparies insuring the inventory agreed that the corporation's fre$-$loss claim should be based on the

astumption that the overaligross profie rate for the past $2$ years was in effect durirg the current yeac. The

corporation's audited financial statements disclosed this information:

Invertory with a cost of $$7,900$ mas salvand and sold for $$3,9\%0.$ The havice of the aneention was a

total ioes.

Compute the whount of ineritory freiost