Almauen valley vanely Store uses the retail inventory mention to estimate ending inventory anu Cust un youuus sold. Data for 2021 are as follows: Beginning inventory Purchases Freight-in Purchase returns Net markdowns Net markups Normal spoilage Net sales Cost Retail $ 28,000 $ 36,000 118,600 181,000 4,875 7,500 9,500 14,000 11,000 5,800 168,000 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.) Cost Retail Cost-to-Retail Ratio Beginning inventory Purchases Freight-in $ 28,000 $ 118,600 36,000 181,000 4,875 Purchase returns Net markups (7,500) 14,000 231,000 Net markdowns (11,000) Goods available for sale 143,975 220,000 Cost-to-retail percentage Normal spoilage Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold (5,800) (168,000) $ 46,200 %