Eastman 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) 83,100 Sales revenue 416,700 Purchases 327,500 Sales returns 23,200 Purchase returns 32,300 Gross progit % based on net selling price 33%

Merchandise with a selling price of $35,600 remained undamaged after the fire, and damaged merchandise has a net realized value of $8,840. The company does not carry fire insurance on its inventory.

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