Using the conventional method. Please provide calculations

Sparrow Company uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2021 are as follows: Beginning inventory Purchases Freight-in Purchase returns Net markups Net markdowns Normal spoilage Abnormal spoilage Sales Sales returns Cost Retail $80,000 $170,000 347,000 570,000 8,000 6.000 10,000 15,000 11,000 2,000 3,705 7,000 530,000 9,000 The company records sales net of employee discounts. Employee discounts for 2021 totaled $3,000. 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-retail percentage to 2 decimal places and final answers to the nearest whole dollar amount.) Conventional application $ 201,000 Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold