Blossom Co. uses the retail inventory method to estimate its inventory for interim statement purposes. Data relating to the computation of the inventory at July 31, 2020, are as follows: Cost Retail Inventory, 2/1/20 $ 170000 $ 245000 Purchases 850000 1387500 132500 Markups.net 1425000 Sales 17000 Estimated normal shoplifting losses Markdowns, net 100000 Under the lower-of-cost-or-market method, Blossom's estimated inventory at July 31, 2020 is (Hint: Round intermediate calculation to 2 decimal places, e.g. 0.63 and final answer to decimal places.) Under the lower-of-cost or market method, Blossom's estimated inventory at July 31, 2020 is (Hint: Round intermediate calculation to 2 decimal places, e.g. 0.63 and final answer to O decimal places.) $ 129340 $ 139200. $ 257000 $ 223000