View Policies Current Attempt in Progress Headiland Company lost most of its inventory in a fire in December just before the year end physical inventory was taken. The corporation's books disclosed the following Beginning inventory $170.200 Sales revenue 5658,800 Purchases for the year 425,600 Sales returns 23,200 Purchase returns 32.500 Rate of grens profiton net sales 40 Merchandise with a selling price of $22.000 remained undamaged after the reDamaged merchandise with an original selling price of 15,200 had a nie realizable value of 54,900. Compite the amount of the loss as a result of the re, assuming that the corporation had no insurance coverage Amount of the loss 5