If you could show how you did it, that would be much appreciated. Thank you!

Sweet 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 Sweet, has gathered the following data concerning inventory. At May 31, 2020, the balance in Sweet'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 Sweet'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 Cost Net Realizable Value $67,760 Normal Profit Cost $6,171 102,608 8,954 Aluminum siding Cedar shake siding Louvered glass doors Thermal windows Total $84,700 104,060 135,520 169,400 $493,680 $75,625 96,074 150,040 152,460 $474,199 Sales Price $77,440 113,740 225,544 187,308 $604,032 203,643 22,385 169,400 18,634 $543,411 $56,144 (a 1) 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) $