Culver 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)		$ 79,700		Sales revenue		$413,500
Purchases		287,900		Sales returns		21,200
Purchase returns		28,300		Gross profit % based on net selling price		35	%

Merchandise 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.)