Raleigh Department Store uses the conventional retall method for the year ended December 31, 2022. Available information follows: a. The inventory at January 1,2022 , had a retail value of $49,000 and a cost of $34,380 based on the conventional retail method. b. Transactions during 2022 were as follows: Sales to employees are recorded net of discounts. c. The retail value of the December 31,2023 , inventory was $85,330, the cost-to-retail percentage for 2023 under the LIFO retail method was 69%, and the appropriate price index was 106% of the January 1,2023 , price level. d. The retail value of the December 31,2024 , inventory was $52,320, the cost-to-retail percentage for 2024 under the LIFO retail miethod was 68%, and the appropriate price index was 109% of the January 1,2023 , price level. Required: 1. Estimate ending inventory for 2022 using the conventional retail method. Note: Amounts to be deducted should be indicated with a minus sign. Round your cost-to-retail percentage calculation to 2 decimal blaces (i.e. 0.1234 should be entered as 12.34 ) and final answers to the nearest whole dollar. Note: Amounts to be deducted should be indicated with a minus sign. Round your cost-to-retail percente decimal places (i.e., 0.1234 should be entered as 12.34 ) and final answers to the nearest whole dollar