View Policies Current Attempt in Progress Nash 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 $164,700 Sales revenue $677.100 Purchases for the year 15.300 Sales returns 23.500 Purchase returns 27.700 Rate of gross profit on net sales 30. Merchandise with a selling price of $19,200 remained undamaged after the fire. Damaged merchandise with an original selling price of $13,800 had a net realizable value of $5,300 Compute the amount of the loss as a result of the fire, assuming that the corporation had no insurance coverage Amount of the loss $ e Textbook and Media