Grouper Home Improvement Company installs replacement siding, windows, and louvered glass doors for single-family homes and condominium complexes. The company is in the process of preparing its annual financial statements for the fiscal year ended May 31, 2020. Jim Alcide, controller for Grouper, has gathered the following data concerning inventory. At May 31, 2020, the balance in Grouper's Raw Materials Inventory account was $493,680, and Allowance to Reduce Inventory to Market had a credit balance of $28,380. Alcide summarized the relevant inventory cost and market data at May 31, 2020, in the schedule below. Alcide assigned Patricia Devereaux, an intern from a local college, the task of calculating the amount that should appear on Grouper's May 31, 2020, financial statements for inventory at lower-of-cost-or-market as applied to each item in inventory. Devereaux expressed concern over departing from the historical cost principle. Assume Garcia uses LIFO inventory costing. Replacement Net Realizable Cost Cost Sales Price Value Normal Profit Aluminum siding $84,700 $75,625 $77,440 $67,760 $6,171 Cedar shake siding 104,060 96,074 113,740 102.608 8,954 Louvered glass doors 135,520 150,040 225,544 203,643 22.385 Thermal windows 169,400 152,460 187,308 169,400 18,634 Total $493,680 $474,199 $604,032 $543,411 $56,144 (a1) Determine the proper balance in Allowance to Reduce Inventory to Market at May 31, 2020. Balance in the Allowance to Reduce Inventory to Market (a2) For the fiscal year ended May 31, 2020, determine the amount of the gain or loss that would be recorded due to the change in Allowance to Reduce Inventory to Market. The amount of the gain (loss) $