Almaden Valley Variety Store uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2021 are as follows: Beginning inventory Purchases Freight-in Purchase returns Net markups Net markdowns Normal spoilage Net sales Cost Retail $2,000 $40,000 122.600 185.000 8.755 5,000 11,500 16,000 13.000 5,200 172.000 Required: Complete the table below to estimate the ending inventory and cost of goods sold for 2021, applying the conventional retail method using the information provided (Round ratio calculation to 2 decimal places (ie, 0.1234 should be entered as 12.34%). Enter amounts to be deducted with a minus sign) Cost Retail Cost-to-Retail Ratio $ Beginning inventory Purchases Freight-in Purchase returns Net markups 40.000 185,000 32,000 $ 122,600 8,755 (5,000) Not markdowns Goods available for sale (11,500) 16,000 229,500 (13,000) 216,500 158,355 Cost-to-retail percentage Normal spoilage Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold (6,200) (172,000) 38,300