Almaden Valley Variety Store uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2021 are as follows:

	Cost			Retail
Beginning inventory	$	32,000		$	40,000
Purchases		122,600			185,000
Freight-in		8,755
Purchase returns		5,000			11,500
Net markups					16,000
Net markdowns					13,000
Normal spoilage					6,200
Net sales					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 (i.e., 0.1234 should be entered as 12.34%.). Enter amounts to be deducted with a minus sign.)