Which biblical stories are illustrated in this fore-edge painting?

Last year the Ransom Center received as a gift a bible printed in 1481, in Basel by Johan de Amerbach, that was adorned with a 19th century fore-edge painting by bibliophile John T. Beer. The scene is described in a checklist of Beer’s fore-edge paintings simply as “A scene on the Nile,” and the image is sufficiently vague to merit such a title.

What biblical paintings might have inspired the painting? Some have suggested Shadrach, Meshach, and Abednego; Joseph and his brothers; and the Holy Family leaving Egypt. Can any of these suggestions be substantiated based on the details present in the painting? Take a close look.