Bramble Company lost most of its inventory in a fire in December just before the year-end physical inventory was taken. The corporations books disclosed the following. Beginning inventory $183,100 Sales revenue $633,100 Purchases for the year 419,600 Sales returns 25,900 Purchase returns 30,800 Rate of gross profit on net sales 30 % Merchandise with a selling price of $19,100 remained undamaged after the fire. Damaged merchandise with an original selling price of $14,400 had a net realizable value of $5,700.

Compute the amount of the loss as a result of the fire, assuming that the corporation had no insurance coverage.