The records of Alaska Company provide the following Information for the year ended December 31. Beginning inventory, January 1 Cost of goods purchased Sales Sales returns At Cost $ 471,750 3,564,338 At Retail $ 927,550 6, 279,750 5,499,700 45, eee 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 $1,679,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retail. Complete this question 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 Cost-to-Retail Ratio At Retail S s 927,550 Beginning inventory Cost of goods purchased 471,750 3,564,338 6,279.750 7,207,300 $ 4,038,088 s Net sales at retail Required 1 Required 2 A year-end physical inventory at retail prices yields a total inventory of $1,679,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retail. (Round your ratio calculations to 2 decimal places. (i.e. 10.15%) ALASKA COMPANY Inventory Shortage December 31 At Cost At Retail Estimated inventory Physical inventory Inventory shortage