Required Informatlon Problem 9-6 (Algo) Retall Inventory method; average cost and conventlonal [LO9-3, 9-4] [The following information applies to the questions displayed belowi]. Sparrow Company uses the retall inventory method to estimate ending inventory and cost of goods sold. Data for 2024 are as follows: The company records sales net of employee discounts. Employee discounts for 2024 totaled $5,000. Problem 9-6 (Algo) Part 2 2. Estimate Sparrow's ending inventory and cost of goods sold for the year using the retail inventory method and the conventional application. Note: Round Cost-to-retall percentage to 2 decimal places and final answers to the nearest whole dollar amount