The April 1 inventory of Inotech Inc. had a cost of $35,505 and had a retail value of $79,000. During April, merchandise was purchased for $125,000 and marked to sell for $262,500. April sales totaled $201,000.
Required:
Calculate the following items using the retail method of inventory estimation. 
Definitions:
Schizophrenia
A severe mental disorder characterized by delusions, hallucinations, and disordered thinking and behavior.
Epigenetic Factors
External modifications to DNA that turn genes on or off without changing the DNA sequence, affecting how cells read genes.
Viral Infections
Diseases caused by viruses that can affect various parts of the body, ranging from the common cold to more severe illnesses.
Selective Attention
The cognitive process of focusing on a particular object in the environment for a certain period while ignoring others; it is a mechanism of information processing.
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