Cindy Lou Linens uses the conventional retail method to estimate its ending inventories. The company records sales net of employee discounts. The following partial data has been summarized for the year ended December 31, 2024: Cost Retail Inventory, January 1 $ 455,460 $ 726,000 Purchases 1,402,000 2,334,000 Net markups ??? Net markdowns 48,100 Normal spoilage 43,100 Employee discounts 75,500 Net sales 2,118,000 Inventory, December 31 491,948 823,100 Required: Compute the net markups for Cindy