The records of Alaska Company provide the following information for the year ended December 31. At Cost At Retail Beginning inventory, January 1 $ 473,350 2,555,060 $ 929,150 6,281,350 5,515,700 46,600 Cost of goods purchased Sales Sales returns 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 $1,695,800. 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. Note: 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 $ 473,350 2,555,060 3,028,410 $ 42.00% $ 929,150 6,281,350 7,210,500 Net sales at retail Estimated ending inventory 42.00% < Required 1 Required 2 >