Show Attempt History Current Attempt in Progress Your awer is incorrect. Sweet 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 $213.000 Sales 3915,000 Purchases for the year 862,000 Sales returns 74.000 Purchase returns 15,000 Rate of gross margin on net sales 30 % Merchandise with a selling price of $46,000 remained undamaged after the fire Damaged merchandise with an original selling price of $26,000 had a net realizable value of $2.600 Compute the amount of the loss as a result of the fire asuming that the company had no insurance coverag Amount of the loss Textbook and Media 437200 Attents: 1 of 3 used S