Sparrow Company uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2024 are as follows: Beginning inventory Purchases Freight-in Purchase returns. Net markups Net markdowns Normal spoilage Abnormal spoilage Sales Sales returns Cost $ 86,000 Retail $ 176,000 363,000 576,000 8,600 6,600 10,600 15,600 11,600 2,600 4,631 7,600 536,000 9,600 The company records sales net of employee discounts. Employee discounts for 2024 totaled $3,600. 2. Estimate Sparrow's ending inventory and cost of goods sold for the year using the retail inventory method and the conventional application. Note: Round Cost-to-retail percentage to 2 decimal places and final answers to the nearest whole dollar amount. Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold Conventional application