Sandhill Compary lost most of its inventory in a fire in December just before the vear end physical inventory was taken, The corporation's books disclosed the follawing. Merchandise with a selling price of $22.200 remained undamaged after the fre. Damaged merchandise with an originat selting price of $14,700 had a net realizable value of $,400 Compute the amount of the loss as a result of the frec assuming that the corponation had no inurance coverage. Amount of the loss