Show Attempt History Current Attempt in Progress Sunland Company lost most of its inventory in a fire in December just before the year-end physical inventory was taken. Corporate records disciose the following Inventory (beginning) $ 79,600 Sales revenue $409,400 Purchases 295,600 Sales returns 21,300 Purchase returns 27,600 Gross profit % based on net selling price 38 % Merchandise with a selling price of $30,200 remained undamaged after the fire, and damaged merchandise has a net realizabile 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 $