2 The following supplementary records summarize Tesla Company's merchandising activities for year 2018 (it uses a perpetual inventory system) 2 points $ 223,000 32,380 228,620 Cost of merchandise sold to customers in sales transactions Merchandise inventory, December 31, 2017 Invoice cost of merchandise purchases, gross amount Shrinkage determined on December 31, 2018 Cost of transportation in Cost of merchandise returned by customers and restored to inventory Purchases discounts received Purchases returns and allowances eBook 2,286 2,750 1,829 3,600 Hint Record the summarized activities in the T-accounts below. References Merchandise Inventory Cost of Goods Sold