Adjustment for Merchandise Inventory Shrinkage Intrax Inc.'s perpetual inventory records indicate that $815,400 of merchandise should be on hand on December 31, 20Y4. The physical inventory indicates that $798,300 of merchandise is actually on hand. Illustrate the effects on the accounts and financial statements of the inventory shrinkage for Intrax Inc. for the year ended December 31, 20Y4. If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. When entering the income statement effects, enter amounts that decrease net income as negative values Balance Sheet Statement of Income Assets Liabilities + Stockholders' Equity Cash Flows Cash Accounts Payable Retained Earnings 17,100 17,100 Statement of Cash Flows Income Statement Operating 17,100 Cost of goods sold 17,100