Check my work 2 ! Part 1 of 3 Required information Problem 9-13 (Algo) Retail inventory method; various applications (LO9-3, 9-4, 9-5) (The following information applies to the questions displayed below.] 1.67 points On January 1, 2021, Pet Friendly Stores adopted the retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2021 and 2022 are as follows: 2022 Cost Retail eBook 2021 Cost Retail $108,500 $175,000 520,000 805,000 3,200 5,000 4,500 6,150 4,150 670,000 22,500 2,000 Beginning inventory Purchases Purchase returns Freight-in Net markups Net markdowns Net sales to customers Sales to employees (net of 25% discount) Normal spoilage Price Index: January 1, 2021 December 31, 2021 December 31, 2022 Print $635,000 $800,000 2,700 4,425 6,000 8,800 6,500 692,000 22,500 5,400 References 1.00 1.10 1.23 Problem 9-13 (Algo) Part 1 Required: 1. Estimate the 2021 and 2022 ending inventory and cost of goods sold using the dollar-value LIFO retail method. 2021 2022 $ 275,000 $ 345,475 Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold