At the beginning of the year, Snaplt had $10,600 of inventory. During the year, Snaplt purchased $36,200 of merchandise and sold $30,900 of merchandise. A physical count of inventory at year-end shows $11,600 of inventory exists. Prepare the entry to record inventory shrinkage. Journal entry worksheet Note: Enter deoics Derore creats. At the beginning of the year, Snaplt had $10,600 of inventory. During the year, Snap and sold $30,900 of merchandise. A physical count of inventory at year-end shows the entry to record inventory shrinkage. Journal entry worksheet Record the inventory shrinkage. Note: Enter debits before credits