(ACCT 3103 and 3113) Sweet Company lost most of its inventory in a fire in December just before the year-end physical inventory was taken. Corporate records disciose the following. Inventory (beginning) 81,300 es revenue Purchases Purchase returns 285,400 28,300 $415,000 20,800 Sales returns Gross profit % based on net seing price 33% ndise with a selling price of $30,400 remained undamaged after the fire, and damaged merchandise has a net realizable value of $8,900. The company does not carry fire insurance on its inventory Compute the amount of inventory fire loss. (Do not use the retail inventory method.) Ooen Show Work