Bramble 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 $162,800 sales revenue $712,400 purchases for the year 353,000 sales returns 22,600 purchase returns 30,300 rate of gross profit on net sales 40 %. merchandise with a selling price of $21,000 remained undamaged after the fire. damaged merchandise with an original selling price of $16,100 had a net realizable value of $5,700. compute the amount of the loss as a result of the fire, assuming that the corporation had no insurance coverage.