Please solve for the Last Blank- Estimated Ending Inventory at Cost

Required information [The following information applies to the questions displayed below.) Raleigh Department Store uses the conventional retail method for the year ended December 31, 2019. Available information follows: a. The inventory at January 1, 2019, had a retail value of $54,000 and a cost of $39,500 based on the conventional retail method. b. Transactions during 2019 were as follows: Gross purchases Purchase returns Purchase discounts Gross sales Sales returns Employee discounts Freight-in Net markups Net markdowns Cost Retail $344,580 $580,000 6,800 19,000 5,900 565,000 6,500 3,000 31,000 34,000 19,000 Sales to employees are recorded net of discounts. c. The retail value of the December 31, 2020, inventory was $78,225, the cost-to-retail percentage for 2020 under the LIFO retail method was 72%, and the appropriate price index was 105% of the January 1, 2020, price level. d. The retail value of the December 31, 2021, inventory was $54,540, the cost-to-retail percentage for 2021 under the LIFO retail method was 71%, and the appropriate price index was 108% of the January 1, 2020, price level. Required! 1. Estimate ending inventory for 2019 using the conventional retail method. (Amounts to be deducted should be indicated with a minus sign.) Cost Retail Cost-to-Retail Ratio $ 54,000 580,000 Beginning inventory Add: Purchases Less: Purchase discounts Add: Freight-in Less: Purchase returns Add: Net markups 39,500 $ 344,5801 5,900 31,000 6,8001 19,000 34,000 687,000 19,000 706,000 Less: Net markdowns Goods available for sale $ 427,780 Cost-to-retail percentage 62% Less: Net sales Sales $ 565,000 (6,500) 3,000 Sales returns Employee discounts Estimated ending inventory at retail Estimated ending inventory at cost (561,500) 144,500 $