Saved Help Save & Ex Chech Pet Emporium had a robbery on the weekend in which a large amount of inventory was taken. The loss is covered completely by Insurance A physical inventory count determined that the cost of the remaining merchandise is $58,000. The following additional information is available Beginning merchandise inventory Purchase returns and allowances Purchases Transportation in Sales Sales returns and allowances At Cost At Retail $ 74,500 $ 93,250 14,500 19,500 1,186,300 1,732,750 18,250 1,637,500 17,500 Required: 1. Prepare an estimate of ending merchandise inventory using the retail method