Check r The records of Alaska Company provide the following information for the year ended December 31 At Cost At Retail January 1 beginning inventory Cost of goods purchased Sales Sales returns 472,350 928,150 3,996,920 6,280,350 ,505,700 45, 600 Required: 1. Use the retail inventory method to estimate the company's year-end inventory at cost 2. A year-end physical inventory at retail prices yields a total inventory of $1,685,800. Prepare a calculation showing the company' loss from shrinkage at cost and at retail. Complete this questions by entering your answers in the tabs below. Required 1 Required 2 Use the retail inventory method to estimate the company's year-end inventory at cost. (Round your ratio calculations to 2 decimal places. (i.e. 10.15%)) Cost-to-Retail At Retail At Cost Ratio Beginning inventory Cost of goods purchased S 928,150 $ 472,350 996,920 4,469,270 6,280,350 7.208,500 Net sales at retail