Ayayai Company lost most of its inventory in a fire in December just before the year-end physical inventory was taken. Corporate records disclose the following.

Inventory (beginning) $ 81,100

Sales revenue $408,700

Purchases 285,300

Sales returns 20,700

Purchase returns 27,500

Gross profit % based on net selling price 33 %

Merchandise with a selling price of $29,500 remained undamaged after the fire, and damaged merchandise has a net realizable value of $8,300. The company does not carry fire insurance on its inventory.

Compute the amount of inventory fire loss. (Do not use the retail inventory method.)

Inventory fire loss $ =