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The records of Alaska Company provide the following information for the year ended December 31. At Cost 473,150 2,699, 294 $ Beginning inventory, January 1 Cost of goods purchased Sales Sales returns At Retail 928,950 6,281,150 5,513,700 46,400 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 $1,693,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retail. Complete this question by entering your answers in the tabs below. 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 Cost At Retail Ratio Beginning inventory $ 473,150 $ 928,950 Cost of goods purchased 2,699,294 6,281,150 $ 3,172,444 $ 7,210,100 Net sales at retail (Required 1 Required 2 > A year-end physical inventory at retail prices yields a total inventory of $1,693,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retail. (Round your ratio calculations to 2 decimal places. (i.e. 10.15%)) ALASKA COMPANY Inventory Shortage December 31 At Retail Estimated inventory Physical inventory Inventory shortage At Cost Retet