Problem 6-15A Retail inventory method LO6 The records of Earthly Goods provided the following information for the year ended December 31, 2020. January 1 beginning inventory Purchases Purchase returns Sales Sales returns At Cost At Retail $ 521,350 $ 977, 150 4,138,245 6,448,700 62,800 129,350 5,595,700 49,600 Required: 1. Prepare an estimate of the company's year-end inventory by the retail method. (Round all calculations to two decimal places.)