Skysong Company lost most of its inventory in a fire in November just before the year-end physical inventory was taken. Corporate records disclose the following. Inventory (beginning) $ 189,200 Sales $ 865,000 Purchases 669.000 Sales returns 60.800 Purchase returns 42,500 Gross profit % based on net selling price 27 % Merchandise with a selling price of $ 69,100 remained undamaged after the fire, and damaged merchandise has a salvage value of $ 26,500. The company does not carry fire insurance on its inventory. Compute the fire loss incurred. (Do not use the retail inventory method.) Inventory fire loss $