Upon opening the store, it was apparent that someone had entered the store illegally. Jordan and Morgan need to determine whether anything had been stolen. A physical inventory was taken and it was determined that $$67,500$ in inventory was on hand, but they need to know how much inventory should have been on hand. Estimate the cost using the retail method based on the following information. Figures at cost: beginning inventory, $$91,250$; and net purchases, $$70,000.$ Figures at retail: beginning inventory, $$120,000$; net purchases, $$95,000$; and net sales, $$125,000.$ Compare your estimate with the balance of $$67,500.$ Does it appear that any inventory was stolen? Space is provided for your calculations following the journal pages for the problem in your working papers.