Cindy Lou Linens Uses the Conventional Retail Method to Estimate

Cindy Lou Linens uses the conventional retail method to estimate its ending inventories. The company records sales net of employee discounts. The following partial data has been summarized for the year ended December 31, 2009:
Required:
Compute the net markups for Cindy Lou Linens during 2009.
$$\begin{array} { l c r } & \text { Cost } & { \text { Retail } } \\\text { Inventory, January 1 } & \$ 465,460 & \$ 736,000 \\\text { Purchases } & 1,412,000 & 2,344,000 \\\text { Net markups } & & ? ? ? \\\text { Net markdowns } & & 48,200 \\\text { Normal spoilage } & & 43,200 \\\text { Employee discounts } & & 75,600 \\\text { Net sales } & & 2,138,000 \\\text { Inventory, Dec. 31 } & 494,460 & 824,100\end{array}$$