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 \$3,500. Problem 9-6 (Algo) Part 2 2. Estimate Sparrow's ending inventory and cost of goods sold for the year using the retail inventory method and the convention application. Note: Round Cost-to-retail percentage to 2 decimal places and final answers to the nearest whole dollar amount