wueSLUIT 52 01 55 -/1 Tii View Policies Current Attempt in Progress Blossom 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 $79.200 Sales revenue $413.300 Purchases 294 200 Sales returns 21.400 Purchase returns 27,800 Gross profit % based on net selling price 34 % Merchandise with a selling price of $30,200 remained undamaged after the fire and damaged merchandise has a net realizable value of $8.200. The company does not carry fire insurance on its inventory. Compute the amount of inventory fire loss. (Do not use the retail inventory method) Inventory fire loss $