2. At the end of the year, a company had a balance of $30,000 in the inventory account. A physical count of inventory at year-end shows $28,000 of inventory exists. Prepare the entry to record inventory shrinkage. 3. A company reported the current month purchase and sales data for its only product and uses the perpetual inventory system. \begin{tabular}{llll} Date & \multicolumn{1}{c}{ Activities } & \multicolumn{1}{c}{ Units Acquired at CostUnits } & Sold at Retail \\ April 1 & Beginning inventory & 175 units @ $15=$2,625 & \\ April 4 & Purchase & 150 units @ $16=$2,400 & \\ April 7 & Sales & 200 units @ $17=$3,400 & \\ April 10 & Purchase & & \\ April 16 & Sales & & \end{tabular} What is Cost of goods available for sale? How many units are available for sale? How many units are in ending inventory? What is Gross Sales