Concord 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) Purchases Purchase returns $ 79,200 294,200 27,800 Sales revenue Sales returns Gross profit % based on net selling price $413,300 21,400 34 % Merchandise with a selling price of $30,200 remained undamaged after the fire, and damaged merchandise has a net realizable value of $8,200. The company does not carry fire insurance on its ntor Compute the amount of inventory fire loss. (Do not use the retail inventory method.) Inventory fire loss $