are as follows: The company records sales net of employee discounts. Employee discounts for 2024 totaled $3,600. Required: Estimate Sparrow's ending inventory and cost of goods sold for the year using the retail inventory method and the average cost pplication. Note: Round Cost-to-retail percentage to 2 decimal places and final answers to the nearest whole dollar amount. Sparrow Company uses the retall inventory method to estimate ending inventory and cost of goods sold. Data for 2024 are as follows: The company records sales net of employee discounts. Employee discounts for 2024 totaled $3,600. 2. Estimate Sparrow's ending inventory and cost of goods sold for the year using the retail inventory method and the corventional application. Note: Round Cost-to-retail percentage to 2 decimal places and final answers to the nearest whole dollar amount