2) Stonier Company operates a large discount store and uses the retail inventory method to estimate the cost of ending inventory Management suspects that in recent weeks there have been unusually heavy losses from shoplifting or employee pilferage. To estimate the amount of the loss, the company has taken a physical inventory and will compare the results with the estimated cost of inventory. Data from the accounting records of Stonier Company are as follows: At Cost At Retail 75,360 $ 112,480 4,120 2,580 97,968 146,224 5,356 April 1, beginning inventory Purchases Purchases returns and allowances Freight-in Sales Sales returns and allowances Employee discounts Normal shortages April 30, physical inventory at retail 141,600 1,260 1,000 640 66,600 REQUIRED: Calculate the estimated amount of inventory shortage at cost and at retail