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) $ 84,200 Sales revenue $425,900 Purchases 301,800 Sales returns 21,300 Purchase returns 28,300 Gross profit % based on net selling price 33 % Merchandise with a selling price of $35,100 remained undamaged after the fire, and damaged merchandise has a net realizable value of $9,060. The company does not carry fire insurance on its inventory. Compute the amount of inventory fire loss. (Do not use the retail inventory method.