Problem 9.6 (Algo) Retail inventory method; average cost and conventional [ LO9.3, 9.4] [The following information applies to the questions displayed below.] Sparrow Company uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2021 are as follows: The company records sales net of employee discounts. Employee discounts for 2021 totaled $3,600. Required: 2. Estimate Sparrow's ending inventory and cost of goods sold for the year using the retail inventory method and the conventional application. (Round Cost-to-tetall percentage to 2 declimal places and final answers to the nearest whole dollar amount.)