Hartleys accounting records included the following information: Inventory, 01-01-13 $319,500 Purchases during 2013 (excluding shipping) $1,200,000 Purchase returns during 2013 $15,000 Freight-in on 2013 purchases $8,500 Sales during 2013 $1,998,750 Hartley completed a physical inventory on 12-31-13 and calculated an ending inventory of $520,000, at cost. In recent years, Hartley's gross profit equaled 105% of Hartleys cost. Hartley suspects some inventory may have been shoplifted. Prepare the entry, if necessary, to reflect the estimated loss from any shoplifted items.