What's wrong with my furnace, Trane XE80?

Hi there,

I have a Trane XE80 furnace, model TUD100C960H1. When turned on, the igniter glows and the burners flame for about 2 seconds, then it shuts down. The blower comes on, but not the induce fan. The red LED on the circuit board blinks continuously with no discernable pattern. It rained here in Los Angeles a LOT recently and the unit got wet inside, including the board. I am hoping it will dry out and work.
Any ideas?

Thanks.