Problem 5-9AB Retail inventory method LO P4 The records of Alaska Company provide the following information for the year ended December 31 . 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. Use the retail inventory method to estimate the company's year-end inventory at cost. (Round your ratio calculations to 2 . decimal place5. (h.e. 10.15\%)) Complete this question by entering your answers in the tabs beiow. 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\%))