Raleigh Department Store uses the conventional retail method for the year ended December 31, 2022. Available information follows: a. The inventory at January 1, 2022, had a retail value of $31,000 and a cost of $11,000 based on the conventional retail method. b. Transactions during 2022 were as follows: Cost Gross purchases Purchase returns $ 570,000 Retail $ 953,000 Purchase discounts 6,000 5,000 4,000 Sales 958,000 Sales returns 5,000 Employee discounts 3,000 Freight-in 20,000 Net markups Net markdowns 20,000 4,000 Sales to employees are recorded net of discounts. c. The retail value of the December 31, 2023, inventory was $48,150, the cost-to-retail percentage for 2023 under the LIFO retail method was 42%, and the appropriate price index was 107% of the January 1, 2023, price level. d. The retail value of the December 31, 2024, inventory was $43,450, the cost-to-retail percentage for 2024 under the LIFO retail method was 41%, and the appropriate price index was 110% of the January 1, 2023, price level. Required: 2. Estimate ending inventory for 2022 assuming Raleigh Department Store used the LIFO retail method. Note: Amounts to be deducted should be indicated with a minus sign. Round your cost-to-retail percentage calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34) and final answers to the nearest whole dollar.