Coronado Company lost most of its inventory in a fire in December just before the year$-$end physical inventory was taken. The

corporation's books disclosed the following.

Merchandise with a selling price of $$21,000$ remained undamaged after the fire. Damaged merchandise with an original selling price of

$$15,500$ had a net realizable value of $$5,300.$

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