Required information (The following information applies to the questions displayed below.] On January 1, 2021, Pet Friendly Stores adopted the retail inventory method, Inventory transactions at both cost and retail, and cost indexes for 2021 and 2022 are as follows: 2022 Retail Coat Beginning inventory Purchases Purchase returns Ereight-in Net markups Net markdowns Net sales to customers Sales to employees (net of 25% discount) Normal spoilage Price Index: January 1, 2021 December 31, 2021 December 31, 2022 2021 Cost Retail $121, 600 $190,000 520,000 708,000 2,500 5,000 4,200 6,300 4.300 570,000 16,500 1,500 $630,000 $1,056,000 3,000 3, 600 6,000 9,400 6,800 698,000 16,500 5,700 1.00 1.20 1.60 Required: 2. Estimate the 2021 ending inventory and cost of goods sold using the average cost retail method (Round your cost-to-retail percentage to 2 decimal places and round your final answers to nearest whole dollar.) Average Cost Retall Method Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold