The records of Alaska Company provide the following information for the year ended December 31 At Cost 2,771,405 January 1 beginning inventory Cost of goods purchased Sales Sales returns At Retail S 473,050 928,850 6,281,050 5,512,700 46,300 Required: 1. Use the retail inventory method to estimate the company's year-end inventory at cost. 2. A year-end physical inventory at retail prices yields a total inventory of $1,692,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retail. Complete this questions by entering your answers in the tabs below Required 1 Required 2 Use the retail inventory method to estimate the company's year-end inventory at cost. (Round your ratio calculations to 2 decimal places. (i.e. 10.15%) At Cost At Retail $ 928,850 s 7209,900 Beginning inventory Cost of goods purchased $473,050 2,771,405 3,244,455 6,281,050 Net sales at retail Required 2>