Problem 8-10 Bramble Corp. lost most of its inventory in a fire in December, just before the year-end physical inventory was taken. The corporation's books disclosed the following Beginning inventory$390,000 Sales Purchases for the year 820,000 Sales returns Purchase returns $1,266,200 49,000 78,000 Gross margin on sales 38% Merchandise with a selling price of $45,000 remained undamaged after the fire. Damaged merchandise with an original selling price of $26,000 had a net realizable value of $8,600 Calculate the amount lost because of the fire, assuming that the corporation had no insurance coverage. (Round answer to 0 decimal places, e.g. 5,275 Loss of inventory due to fire $