what are the estimated ending values for 2021 using the conventional retail method. please show work.

2022 Cost Retail Beginning inventory Purchases Purchase returns Freight-in Net markups Net markdowns Net sales to customers Sales to employees (net of 20% discount) Normal spoilage Price Index: January 1, 2021 December 31, 2021 December 31, 2022 2021 Cost Retail $140,000 $200,000 440,000 594, 000 3,500 4, 350 6,600 5, 450 4,300 480,000 19, 200 2,900 $680,000 $854,000 3,200 4,550 5,000 9,800 7,000 702,000 19, 200 4,000 1.00 1.25 1.25 Problem 9-13 (Algo) Part 3 Required: 3. Estimate the 2021 ending inventory and cost of goods sold using the conventional retail method. (Round your cost-to-retail percentage to 2 decimal places and round your final answers to nearest whole dollar.) Conventional Retail Method Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold