Pls me do this question i can't figure out my mistake

Here is the inventory ac and the journel entries.itd fairly simple. as for the journel entries,since the claim hasnt been met by the year end and is still recieble,its gonna be debitted. the balance will be charged to the profit and loss ac as a loss,or expense so to speak. in the income statement full amount will not be charged as the insurance calim will reduce the expense. and in balance sheet,only recieble of insurance claim will be shown