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Name unting 204 - Test 2, Chapters 5.6 alculate the estimated ending inventory for Mary Ellen's Models using the Retail Method and the following information. Show your calculations! Cost Retail Beginning Inventory $ 40,000 $ 70,000 Purchases 110.000 180.000 190.000 Sales for the period Answer: Estimated Ending inventory at Cost $. 3. Prepare a Multi-step Income Statement using the following data, Sales - $100,000, Interest Income - $5,000, Cost of Goods Sold - $37,000, General de Administrative Expenses - $15,000, Selling Expenses - $4,000, Interest Expense, $2.000