Problem 9-6 Nash 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) Purchases Purchase returns $80,900 286,500 28,200 Sales revenue Sales returns Gross profit % based on net selling price $415,300 20,700 34 % Merchandise with a selling price of $30,300 remained undamaged after the fire, and damaged merchandise has a net realizable value of $7,300. 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