Required information [The following information applies to the questions displayed below.] Sparrow Company uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2024 are as follows The company records sales net of employee discounts. Employee discounts for 2024 totaled $3,600. equired: Estimate Sparrow's ending inventory and cost of goods sold for the year using the retail inventory method and the average cost plication. 2. Estimate Sparrow's ending inventory and cost of goods sold for the year using the retall inventory method and the conventional application. Note: Round Cost-to-retail percentage to 2 decimol places and final answers to the nearest whole dollar amount