When you undertook the preparation of the financial statements for Blossom Company at January 31, 2021, the following data were available: At Cost At Retail Inventory, February 1, 2020 $70,575 $98,000 Markdowns 34,000 Markups 62,000 Markdown cancellations 19,000 Markup cancellations 9,000 Purchases 210,000 280,000 Sales revenue 320,000 Purchases returns and allowances 4,000 5,500 Sales returns and allowances 9,000 Compute the ending inventory at cost as of January 31, 2021, using the retail method which approximates lower of cost or market. Ending inventory at cost $