* Your answer is incorrect. Presented below is information related to Sunland Company. Cost Retail Beginning inventory $193,000 $237,000 Purchases 1,390,000 2,139,000 Markups 94,300 Markup cancellations 15,700 Markdowns 34,300 Markdown cancellations 5,700 Sales 2,180,000 Calculate the inventory by the retail inventory method. (Round the cost-to-retail ratio answer to O decimal places, e.g. 5,125.) Ending inventory at retail $ 160,515