Alquist Company uses the retail method to estimate its ending inventory Selected Information about its year $2024$ operations is as follows: $2024,$ beginning Inventory had a cost of $$102,000$ and a retail value of $$190,000$ Purchases during $2024$ cost $$1504,000$ with an original retail value of $$2,250,000$ Freight costs were $$14,000$ for incoming merchandise $.$ d$.$ Net additional markups were $$260,000$ and net markdowns were $$210,000$ eBased on prior experience, shrinkage due to shoplifting was estimated to be $$19,000$ of value Merchandise is sold to employees at a $25\%$ of selling price discountEmployee sales are recorded in a separate account at the net selling price. The balance in this account at the end of $2024$ $$300,000$ g$.$ Sales to customers totaled $$1,600,000$ for the year.