The following data and information hawe been gathered. The fiscal year of the corporation...

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Accounting

The following data and information hawe been gathered.
The fiscal year of the corporation ends on December 31.
same period amounted to $14,245, which consisted of receipts on account from customers with the exception of a $1,045 refund from a vendor for merchandise returned in April.
Correspondence with suppliers revealed unrecorded obligations at April 15 of $17,160 for April merchandise shipments, including $2,590 for shipments in trarsit (fab. stipping point) on that date
Inventory with a cost of $7,700 was salvaged and sold for $3,850. The balance of the inventory was a total loss.
Compute the amount of imentary fire lose
(3)
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