On July $15,2026,$ fire damaged the office and warehouse of Windsor Corporation. The only accounting record saved was the general

ledger, from which the following trial balance was prepared:

The following data and information have been gathered.

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

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

totaled $$64,300$ : $$54,600$ paid to accounts payable as of June $30,$$$3,000$ for July merchandise shipments, and $$4,100$ paid for

other expenses. Deposits during the same period amounted to $$77,400,$ which consisted of receipts on account from

customers with the exception of a $$1,500$ refund from a vendor for merchandise returned in July.

Correspondence with suppliers revealed unrecorded obligations at July $15$ of $$28,700$ for July merchandise shipments,

including $$1,530$ for shipments in transit $($f$.$o$.$b$.$ shipping point$)$ on that date.

Customers acknowledged indebtedness of $$157,800$ at July $15,2026.$ It was also estimated that customers owed another

$$13,300$ that will never be acknowledged or recovered. Of the acknowledged indebtedness, $$2,200$ 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 $$11,700$ was salvaged and sold for $$2,900.$ The balance of the inventory was a total loss.

Complete the schedule computing the gross profit and the schedule to determine the amount of inventory fire loss. $($Round ratios for

computational purposes to $0$ decimal places, e$.$g $78\%$ and final answer to $0$ decimal places, e$.$g$.28,987.)$