a)$2,000 b)$36,000 c)$13,000 d)$32,000

Incorporated uses a perpetual inventory system and reported $512,000 of inventory at the beginning of the month based on a count of inventory. During the month, the company bought $49,000 of inventory and sold inventory that had cost $34,000. At the he month, the physical count of inventory shows $525,000 on hand. How much shrinkage occurred during the month