The records of Ware Products Company provided the following information for the year ended December 31 :

\section*{Required}
1. Prepare an estimate of the company's year-end inventory by the retail method.
2. Under the assumption the company took a year-end physical inventory at marked selling prices that totaled \(\$ 77,100\), prepare a schedule showing the store's loss from theft or other cause at cost and at retail.

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January 1 beginning inventory. Purchases Purchases returns Additional markups Markdowns Sales Sales returns At Cost At Retail $ 99,000 $146,100 419,820 780,000 8,970 17,100 18,000 9,900 850,500 13,050