Petcetera had a robbery on the weekend in which a large amount of inventory was taken. The loss is covered completely by insurance. A physical inventory count determined that the cost of the remaining merchandise is $58,400. The following additional information is available:

Petcetera had a robbery on the weekend in which a large amount of inventory was taken. The loss is covered completely by insurance. A physical inventory count determined that the cost of the remaining merchandise is $58,400. The following additional information is available: At Cost At Retail Beginning merchandise inventory74,900 14,900 1,256,680 18,650 $93,650 19,900 1.730,750 Purchase returns and allowances Sales Sales returns and allowances 1,641,500 17,900 Required: 1. Prepare an estimate of ending merchandise inventory using the retail method. At Cost At Retail Goods available for sale: Goods available for sale Cost to retail ratio Estimated ending inventory at cost 0 2. Calculate the cost of the stolen inventory of the stolen