Swifty 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) $ 79,000 Sales revenue $421,200 Purchases 293,400 Sales returns 21.100 Purchase returns 28,000 Gross proht % based on net selling price 35X Merchandise with a selling price of $30,000 remained undamaged after the fire, and damaged merchandise has a net realizable valve of $8.800. The company does not carry hire insurance on its inventory Compute the amount of inventory fire loss. (Do not use the retail inventory method) Inventory finelas