Problem 9-6 Larkspur 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) 81,100Sales revenue Purchases Purchase returns $420,100 21,200 284,500 returns 28,500 Gross profit % based on net selling price 3796 Merchandise with a selling price of $29,500 remained undamaged after the fire, and damaged merchandise has a net realizable value of $8,200. The company does not carry fire insurance on its inventory Compute the amount of inventory fire loss. (Do not use the retail inventory method.) Inventory fire loss LINK TO TEXT