The records of Alaska Company provide the following information for the year ended December 31. 0.71 points At Cost $ 472,150 At Retail $ 927,950 Beginning inventory, January 1 Cost of goods purchased Sales Sales returns 3,852,710 6,280,150 eBook 5,503,700 45,400 Print 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 $1,683,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retail. References Complete this question by entering your answers in the tabs below. 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 $ $ Beginning inventory Cost of goods purchased Cost of goods available for sale Net sales at retail Estimated ending inventory 472,150 3,852,710 4,324,860 927,950 6,280,150 7,208,100 5,458,300 $ $ Complete this question by entering your answers in the tabs below. Required 1 Required 2 A year-end physical inventory at retail prices yields a total inventory of $1,683,800. 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 Estimated inventory Physical inventory Inventory shortage At Retail