Campbell Corporation uses the retail method to value its inventory. The following information is available for the year 2021: Merchandise inventory, January 1, 2021 Purchases Freight-in Net markups Net markdowns Net sales Cost $285,000 $19,345 11,800 Retail $375,000 935,000 39,000 23,000 895,000 Required: Determine the December 31, 2021, inventory by 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 285,000 $ 519,345 375,000 935,000 Freight-in Net markups 11,800 39,000 1,349,000 Net markdowns (23,000) Goods available for sale 816,145 1,326,000 Cost-to-retail percentage Net sales (895,000) Estimated ending inventory at retail $ 431,000 Estimated ending inventory at cost %