Need answer for number two please

What advantages and dibalu .l 3. Check (1) Net income: FIFO, $61,200; LIFO, $57,180; WA, $59,196 Problem 5-9A Retail inventory method P4 The records of Alaska Company provide the following information for the year ended December 31. At Cost At Retall Cost of goods purchased. Sales Sales returns 469,010 $ 928,950 3,376,050 6,381050 5,595,800 42,800 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 $1,686,900. Prepare a calculation showing the company's loss from shrinkage at cost and at retail 5924,182 cost inv estory shortage at cost, $36,873 Problem 5-10 Gross profit method P4 nagerial Accounting