Sunland Home Improvement Company installs replacement siding, windows, and louvered glass doors for single-family homes and condominium complexes. The company is in the process of preparing its annual financial statements for the fiscal year ended May 31, 2020. Jim Alcide, controller for Sunland, has gathered the following data concerning inventory. At May 31, 2020, the balance in Sunland's Raw Materials Inventory account was $416,160, and Allowance to Reduce Inventory to Market had a credit balance of $26,500. Alcide summarized the relevant inventory cost and market data at May 31, 2020, in the schedule below. Alcide assigned Patricia Devereaux, an intern from a local college, the task of calculating the amount that should appear on Sunland's May 31, 2020, financial statements for inventory at lower-of-cost-or-market as applied to each item in inventory. Devereaux expressed concern over departing from the historical cost principle. Assume Garcia uses LIFO inventory costing. Aluminum siding Cedar shake siding Louvered glass doors Thermal windows Total Cost $71.400 87,720 114,240 142,800 $416,160 Replacement Cost $63,750 80,988 126,480 128,520 $399.738 Sales Price $65,280 95,880 190,128 157,896 $509,184 Net Realizable Value $57,120 86,496 171.666 142,800 $458,082 Normal Profit $5,202 7,548 18,870 15,708 $47,328 (a1) Determine the proper balance in Allowance to Reduce Inventory to Market at May 31, 2020. Balance in the Allowance to Reduce Inventory to Market $ (a2) For the fiscal year ended May 31, 2020, determine the amount of the gain or loss that would be recorded due to the change in Allowance to Reduce Inventory to Market. The amount of the gain (loss) $ e Textbook and Media