Required information (The following information applies to the questions displayed below. Raleigh Department Store uses the conventional retail method for the year ended December 31, 2019. Available Information follows: a The Inventory at January 1 2019, had a retail value of $42,000 and a cost of $32,690 based on the conventional retail method. b. Transactions during 2019 were as follows: Grows purchase Purchase returna Purchase discounts Grouauales Solea saturs Imployee discounts Traight-in Bet markups Set maskowa Cout Retail 5236,780 $460,000 6.200 23,00 4,TDD 430,00 6,00 5, 27,ODD 22,00 23,00 Sales to employees are recorded net of discounts. c. The retal value of the December 31, 2020, Inventory was $53,045, the cost to retail percentage for 2020 under the LIFO retal method was 76%, and the appropriate price index was 103% of the January 1, 2020, price level. d. The retal value of the December 31, 2021. Inventory was $47,170, the cost to retail percentage for 2021 under the LIFO retail method was 75%, and the appropriate price index was 106% of the January 1, 2020, price level. Required: 2. Estimate ending inventory for 2019 assuming Raleigh Department Store used the LIFO retal method. (Amounts to be deducted should be indicated with a minus sign.) Coat Retail Cost-to-Retai Ratio Beginning inventory Add. Purchases Add. Freigen Lesa: Purchase returne Lesa: Purchase discounts Add. Net markups Lesa: Net markowe Goods available for sale (excluding beginning inventory Goods available for sale including beginning inventory Cost-to-retail prontage Lesa: News Sales Sales returra Employee discount Estimated ending inventory retail Estimated ending inventory at cost 0