The records of Alaska Company provide the following information for the year ended December 31 . 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 $1,685,800. Prepare a calculation showing the company loss from shrinkage at cost and at retail. Complete this question by entering your answers in the tabs below. A year-end physical inventory at retail prices yields a total inventory of $1,685,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retail. Note: Round your ratio calculations to 2 decimal places. (1.e. 10.15% )