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Coreys Campus Store has $3,200 of inventory on hand at the beginning of the month. During the month, the company buys $33,000 of merchandise and

Coreys Campus Store has $3,200 of inventory on hand at the beginning of the month. During the month, the company buys $33,000 of merchandise and sells merchandise that had cost $25,200. At the end of the month, $10,600 of inventory is on hand. How much shrinkage occurred during the month?

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